2 Questions You Need to Answer Before You Talk to a Bank
Banking | Financing | Uncategorized

2 Questions You Need to Answer Before You Talk to a Bank

Every business owner wants abundant cash flow in their business. It’s emotional and practical. Cash is like oxygen. Your business can’t function without it.  When cash is in short supply, owners become lightheaded, then despondent, then desperate. Cash represents success and lack of it, failure. It’s not a question of “if” cash is in short supply,…

Teaching Financials to Drive Performance: Part 1, The Balance Sheet
Financial Management | Growing Your Business | Profitability Coaching

Teaching Financials to Drive Performance: Part 1, The Balance Sheet

Every business owner wants to make more money and maximize profits. The problem is that many business owners don’t know how to manage the finances of their business or what levers to pull to improve overall profitability.  One of my business owner clients put it like this: “I never had a problem making money. Revenue…

What You Really Need to Know About Changes in Leverage
Financial Management | Profitability Coaching | Uncategorized

What You Really Need to Know About Changes in Leverage

COVID-19 was public enemy #1 last year, wreaking havoc on businesses across the country. Business owners were faced with declining revenue, operating losses, and layoffs. Many business owners who had never been through a recession before were devastated, overwhelmed, and anxious as they dealt with cash flow issues they had never faced. They weren’t sure if…

4 Ways to Measure the Health of Your Business
Financial Management | Profitability Coaching

4 Ways to Measure the Health of Your Business

Last week we talked about working on the business. Moving your business ahead may require that you step back to gain a healthy perspective. Delegating tasks to others who are equally or more talented at accomplishing them will free up your time to working on marketing, new business opportunities or maybe even a company acquisition….

What is Operating Leverage and What Does it Mean to my Business?
Financial Management

What is Operating Leverage and What Does it Mean to my Business?

Operating leverage measures a company’s fixed costs as a percentage of its total costs (fixed and variable). It is used to evaluate the break-even point of a business as well as the likely profit levels on individual sales. If a large proportion of a company’s costs are fixed, it is considered to have high operating…

2 Questions to Ask Yourself Before You Talk to a Bank
Banking | Financial Management

2 Questions to Ask Yourself Before You Talk to a Bank

Trying to get a line of credit? Frustrated with the bank process? You’re not alone. Navigating the banking landscape can be a very time consuming process.   There are two questions you need to answer before you start: Are you bank ready? Are you bankable? What is bank ready? Bank ready is nothing more than being…

4 KPI’s You Should Be Using In Your Business
Financial Management | Profitability Coaching

4 KPI’s You Should Be Using In Your Business

KPI’s, key performance indicators are critical for managing your business. You can’t manage what you don’t measure, right? Goals allow us to stay focused and manage our businesses effectively. Here are 4 KPI’s for you consider: Liquidity– You may be profitable, but how much cash do you have in your bank account?   Measure your cash…

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