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…]

Net Profit, Inc. Interim Accounting Services

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What happens when your controller leaves your company?  We were hired to manage this interim crisis while our client was seeking a new controller.

We spent 6 weeks with the client, where we:

  1. Assisted in the recruitment of a new controller.
  2. Obtained the full co-operation of the resigning accountant to the extent that her work was documented and up to date.
  3. Ensured the smooth handover of duties and responsibilities to the new accountant.
  4. Provided support to ensure that the day-to-day functions of the accounting department were kept current.
  5. Managed the accounts receivable collections of the company.
  6. Managed the accounts payable duties  and acted for the client as its liaison with their outside accounting firm, banking loan officer, and legal advisors.

Net Profit, Inc. has experienced financial professionals who are able to assist you in an emergency situation. We are experienced, knowledgeable, and will provide the leadership needed to manage any business crisis.

Contact us for experienced crisis assistance at netprofit25@gmail.com or visit our website at www.netprofitinc.org. [Read more…]

Define A Winning Culture

Companies that are struggling usually have an ill-defined culture or no defined culture at all. At the heart of a company’s culture are the core values that a company embraces. These core values define the principles that the company believes in. They define what the company and its management team are about. The company should communicate to its employees what they are and the company’s commitment to them.  [Read more…]

How to manage a business crisis.

IMG_1230I don’t know about you, but in my business career I have been in the middle of several crisis situations. I can look at that fact two ways, either I have the worst luck or I have been fortunate enough to learn to navigate my way through many crisis situations. [Read more…]

Business Owners 2014 Survey/Net Profit, Inc.

IMG_1086 The survey says:

  • 1 out of 5 business owners don’t know how their sales growth or net profit compares to competitors
  • 35% of business owners don’t believe their marketing effectively supports their sales efforts
  • 35% of business owners have no plan for how to exit their business

The statements above were derived from a survey taken by small business owners in 2014. They are not surprising facts, but more importantly is the question, how do they fix the survey outcomes?

If you are a business owner and any or all of the statements apply to you and/or your business, contact us today and we will solve, answer and implement the solutions to the above statements or any other questions or concerns that you may have.

Net Profit, Inc. is a full service management/strategic consulting firm. We don’t just solve problems, we implement solutions to make managing your business more enjoyable.

Our initial one-hour consultation is free of charge, so what do you have to lose? Contact us at www.netprofitinc.org, netprofit25@gmail.com or 330-620-2761.

       

Helping Companies Achieve Outstanding Results

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When companies struggle with poor operational performance, it’s reflected in their financial performance:  stagnant or declining revenue and cash, as well as EBITDA and operating income that fail to meet expectations.  But addressing the problem is rarely easy.  It requires a combination of the knowledge of what to do, sufficient resources to get it done as well as the determination to ensure steady, sustained results are achieved.  When companies fall short in one or all areas, turn to Net Profit, Inc. for help.

We consider the entire product lifecycle and its supporting processes when addressing poor operational performance—from the time product developers are responding to market demand to when the end product ultimately reaches customers.  In doing so, we apply our operational expertise and resources to help companies substantially improve four key areas:

  • Operational Strategy:  We work with our client teams to develop a detailed operational strategy that defines the specific operational capabilities required for a company to effectively execute its business strategy.
  • Innovation and New Product Development:  We help develop solid business cases for where clients should invest their innovation resources, as well as build the processes needed to support pipeline and product portfolio management.
  • Supply Chain Excellence:  We identify specific opportunities and help clients implement changes across their supply chain organization.  We strengthen capabilities to enhance competitive advantage and improve overall operational efficiency.
  • Lean Consulting:  We apply Lean Manufacturing and Six Sigma principles to create a more efficient operation that yields sustained improvement in cost and quality.

Addressing the complex issues that can erode operational performance is one of the biggest—and most important—challenges companies face today.  Net Profit, Inc. can be a valuable partner in optimizing the contributions a company’s operations make to the top and bottom lines.

To get started on achieving outstanding results, contact us today. We will improve your operational performance.

Motivating Employees

IMG_0983Motivating employees is one of the most important, yet often overlooked, function of running a company. Studies and research have shown that money is not the top motivating factor for employees. [Read more…]

Managing Cash Flow Part 1

Cash Flow graphic-representation-of-supportand the management of it are the keys to running a successful business. Not understanding what the definition of cash flow will lead to many sleepless nights. [Read more…]