Every business owner has a big dream for their business and wants to make it happen. But if your marketing is inconsistent, or you’re not prospecting for new business and suddenly a few loyal customers leave, you may be losing momentum. This loss of momentum can be confusing and frightening because you don’t know where to…
Every business owner has a big vision for their company and wants to make it happen. But, most business owners don’t follow a unified strategy to reach their business goals and struggle to know where to begin. It’s like trying to bake a cake without a recipe. You add a dash of this and a…
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…
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…
In your business, money has a way of going out just as fast as it comes in. When cash is tight (and it almost always is), many business owners go home at night worrying about lack of cash in their bank account. In fact, 54% of business owners in a recent Forbes survey are losing…
Every business owner has a big vision for their company and wants to make it happen. However, when the owner is struggling with making the company bigger, they often get confused or frustrated that it’s not happening. They didn’t teach you how to grow your company in college and there’s no on-the-job training when you’re…
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