Breathe Easier with a Cash Budget
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Breathe Easier with a Cash Budget

Cash is like oxygen to a business owner. It’s necessary. The struggle comes when business owners get confused and frustrated trying to manage the cash flow of their business. It shouldn’t be so hard to predict cash collections and then match expenses against that. But when growth happens, receivables go up and cash goes down because revenue lags…

Is It A Cost Or An Investment?
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Is It A Cost Or An Investment?

As the economy begins to swing back upwards, business owners are asking “Should I be investing in people or equipment or in a building that my business could occupy?” For many of my clients, the answer is yes. But with many businesses recovering from tight cash flow the past year or more, it’s difficult to look…

Business Succession Planning- How Ready Are You?
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Business Succession Planning- How Ready Are You?

Every business owner has a big dream for their company and wants to make it happen. Yet in many businesses, too little of that work goes into determining who will take over when the founder leaves the stage.  Only one in four private companies say they have a formal succession plan in place. Many CEOs are too caught up in…

How Business Owners Are Setting up For a Strong Start To 2021
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How Business Owners Are Setting up For a Strong Start To 2021

When it comes to running a business, every business owner wants to be confident about how to move forward with a strong financial position. In order to do that, they need to increase revenue and maximize profits. The problem is most business owners aren’t experts in knowing how to manage the financial part of their…

You’ve Worked Hard Building Your Business. Now Indulge Yourself.
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You’ve Worked Hard Building Your Business. Now Indulge Yourself.

An around the world cruise, playing the top 50 golf courses in the world, relaxing on a beach in a far away exotic place sipping your favorite beverage…. Or enter your indulgence here! Every business owner wants to maximize the value of their business at exit.  The problem is they may not know where to…

We’re Halfway There, Are You Livin’ on a Prayer?
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We’re Halfway There, Are You Livin’ on a Prayer?

I remember many vacations driving to our beach destination with two young daughters asking, “Are we there yet?”. My answer was always, “Not yet” or “We’re almost there.” Any parent knows what I’m talking about. Well, we’re halfway through the year. With June 30 financials coming, it’s time to take a look to see if…

Budgeting for 2017-How do I Improve Operational Efficiency and Effectiveness?

Budgeting for 2017-How do I Improve Operational Efficiency and Effectiveness?

Many closely held businesses are seeing significant increases in revenue despite slow overall economic growth. With those increases, pressure can be created on people and systems to the point where you’re confronted with finding quality people and investing in systems to support your growth. Those investments of people and systems may have come at significant…

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