Archives for January 2015

What reports should I review each day as a business owner?

OLYMPUS DIGITAL CAMERAI review three reports each day: Cash, Accounts Receivable and Accounts Payable. If I had inventory I would also review the inventory report. [Read more…]

Don’t Hand Your Employees a Blank Check

Success Starts Here Freeway Style Desert LandscapeNot having a purchasing procedure is like handing your employees a blank check. While this may seem like an exaggeration, when you think about it, it is not the case at all. [Read more…]

Cash Flow Management Part 3

file2761263244943The final item relating to cash flow management is the relationship that you have with your banker. Why is this applicable to cash flow management? [Read more…]

Cash Flow Management Part 2

file2461263253373The second component in the management of cash flow is Accounts Payable. [Read more…]

Cash Flow Management Part 1

OLYMPUS DIGITAL CAMERA [Read more…]

How do I improve my bottom line?

OLYMPUS DIGITAL CAMERAHow do I improve my bottom line is a frequent question that I am asked and one that every business owner loses sleep over. When I am asked this question I purposely avoid answering it right away until I ask the business owner how they would do it. [Read more…]