Find out how your business is doing and quickly reveal variations that might require corrective action with these important indicators. Monitoring your cash flow is one of the best ways to improve the financial health of your business. It could mean the difference between going through some financial bumps and having to close your business. […]
5 steps to plan your cash flow in 2020
Financial projections will help you anticipate your cash flow needs It’s the start of a new year, and you’ve got big plans for your company—an expansion or a major equipment purchase. How will your plans affect your cash flow? Will you need financing, and if so how much? These are typical questions to ask as […]
Strategic planning: frequently asked questions
Some entrepreneurs might not see the benefits of strategic planning or know how to proceed. Here are answers to some of the most common questions and concerns raised by entrepreneurs about this important tool. Question: My company is small. We don’t have a lot of money. Isn’t strategic planning just for bigger companies? Answer: That’s a common […]
How to thrive during a recession
Too many companies go into hibernation when times are tough. They cut costs, conserve cash and act as if they’re on the verge of bankruptcy when, in reality, their balance sheet is still solid enough to reposition the firm. Whether it’s a recession or a downturn in your particular industry, don’t assume you can wait […]
How to form an Advisory Board
Why should I bother with an advisory board? There’s increasing recognition that effective advisory boards provide excellent support to business owners for a minimal cost. Instead of asking why you should have a board, you should be focused on the best ways to establish one and how to find qualified advisors. Effective boards can bring huge benefits to […]
Trade shows: 6 ways to find potential customers
Use these tips to get the most out of your trade show investment Trade shows provide face-to-face contact with people who are looking for products, expertise, and solutions. So how can you tap into this rich source of potential customers? What investment is required and what return on investment can you expect? Veteran trade show consultant Jonathan […]