By vanko on August 10, 2011
Producing a cash flow is not difficult providing the business already has reasonable bookkeeping or accounting records. Manual accounts are fine although accounting software is likely to produce the best information base from which a cash flow forecast can be prepared.
There is not one specific format that a cash flow forecast can take. Each business [...]
Posted in Develop Your Skill | Tagged are, bites, cash, Credit, critical, crunch, early, flow, signs, the, warning, when
By vanko on June 3, 2011
Sales turnover and net profits may follow a rollercoaster pattern familiar to most business but when the cash flow dries up the game is over. Cash flow management is critical not just to business performance but to business survival in the days and months of a credit crunch. Accounting software can offer many solutions but [...]
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By vanko on April 15, 2011
There is a fundamental difference between cash flow and net profit. Net profit is the bottom line of the profit and loss account measuring the net growth in financial value. Cash is the business liquidity and closely related to the changes in the value of the current business assets in the balance sheet representing the [...]
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By vanko on January 29, 2011
The first sign of problems is often a reduction in net profit while the last post, literally the last post is a severe cash flow deficiency. Sound accounting procedures should produce financial control information on stock levels, debtors and creditors and financial investment to provide early warning systems of impending cash flow problems.
Larger businesses have [...]
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By vanko on November 2, 2009
What is the greatest weapon a small business can have in its marketing arsenal? Most marketing experts and small business owners alike agree that the single most cost effective and efficient way to grow any business is with referrals.
And yet, few of the small business owners that I surveyed recently had a strategy in place [...]
Posted in Develop Your Skill | Tagged abundant, an, create, customers, flow, how, of, perfect, to
