6 Challenges to Growing Your Business and How To Overcome Them
1. Financial Management According to Jessie Hagen of U.S. Bank, as cited on the SCORE/Counselors to America’s Small Business website http://www.score.org the main reasons small business fail: 82% – Poor cash flow management skills/poor understanding of cash flow, 79%...
3 Ways Business Planning Can Help Your Business
Business planning is used by successful companies to expand their business, be more competitive in their industry and to achieve corporate objectives. Whether you've just started out or you’ve been running your business for years, business planning plays an important...
Grow Your Cash Flow
It’s not unusual for a business to focus on top-line revenue growth or expansion into new geographic areas. One challenge with the growth of top-line revenue is you normally don’t grow your cash flow at the same percentage. When we assess the financial statements...
Seven Debtor Collection Strategies To Boost Your Cash Flow
There are 32 debtor’s improvement strategies in our ProfitPlus business growth system and today I’ll overview the first seven. Before I do that… and given your reviewing one area of cash flow improvement, let’s do a quick overview of the six areas which drive your...
Negative Cash Flow In A Growing Business?
When your business is growing revenue it’s also growing the amount of money owed by clients through a growing amount in debtors, growing overheads with a change in your staff numbers, hiring qualified people to manage different areas of your business, and additional...