Is Your Leverage Creeping Up on You?
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Is Your Leverage Creeping Up on You?

We’ve been talking about how running a business is like baking or cooking.  You need all the right ingredients, in the right proportions, cooked at the right temperature, for the right amount of time.  Every business owner wants a business that’s perfectly “cooked”, with lots of cash flow and profits and collecting receivables well. If you…

How to Stop Leaking Cash
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How to Stop Leaking Cash

We’ve been discussing how running your business is like following a recipe. You need the right ingredients in the right amounts in order for the dish to come out correctly. We’ve talked about profitability, which is a measure of profit relative to revenue. And we’ve also talked about activity, collecting your accounts receivable and turning inventory. The third ingredient…

How Good Are You at Collecting Money?
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How Good Are You at Collecting Money?

We’ve been talking about how running a business is like baking or cooking. You need all the right ingredients, in the right proportions, cooked at the right temperature, for the right amount of time.    Every business owner wants a business that’s “cooked” just right, with lots of cash flow and profits. You can read about the…

Profitability: Do You Know How to Get it?
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Profitability: Do You Know How to Get it?

Have you ever cooked something that just didn’t turn out right? Either you missed an ingredient or put in the wrong proportions. You cooked it too long or not long enough. I recall recently that I was trying to grill some really thick steaks. Two were supposed to be medium rare and two were supposed to be…

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…

Do You Have What it Takes to Be a CEO?
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Do You Have What it Takes to Be a CEO?

When it comes to running a business, every CEO wants to know if they’re making the best decisions for the financial future of their company. However, it’s virtually impossible for the CEO to be all things to all people which makes them overworked, exhausted, and sometimes even paralyzed not knowing who they can go to…

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…

I Want to Grow My Business, But Where Did My Time Go?
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I Want to Grow My Business, But Where Did My Time Go?

Every business owner has a big vision for their company and wants to make it happen. The problem is, most owners aren’t sure how to move forward and grow revenue, leaving them confused and frustrated. That was certainly the case with a professional services firm I’ve been working with for about a year now.  In our…

3 Liquidity Traps to Avoid
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3 Liquidity Traps to Avoid

You might be in a growth phase of your business. Growth always requires cash and cash is generally at a premium. Further, there are some liquidity traps to be avoided as you grow. Here’s 3 to watch out for:  1) Excess build-up of accounts receivable  It’s normal for your receivables to increase when you grow. However, if…

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