Formula For Online Business – “I believe that being successful means having a balance of success stories across the many areas of your life. You can’t truly be considered successful in your business life if your home life is in shambles.” Zig Ziglar In mathematics, a formula is a fact, rule, or principle that is expressed in terms of mathematical … Read More
Category: Cash
Extra Profits: The Magic of Purchase Discounts
.Utilizing purchase discounts is a recipe for success in any economy. Mixing a scoop of “good business practices,” a pinch of “strengthening supplier relations,” and a dollop of “profits” creates a dish that is sure to fatten your bottom line. If your company is not doing so already, paying supplier bills early enough to take advantage of purchase discounts is … Read More
The Bank Won’t Back Your Business Because You Don’t Have a Cash Management Plan
Cash Management Plan – Many of the business owners I talk to believe that the first thing the bank will look at when they have applied for a loan is the bottom line of their profit and loss statement. They believe that the biggest question the bank will ever ask of their business is “Are they making a profit?” But … Read More
Effectively Managing Your Cash Flow in Your Business
The Cash Flow Statement is derived from the Cash Flow Budget, which is a forecast of receipts and payments. The Budget shows if enough cash is available for expenses, equipment and goods purchases. Cash Flow also indicates whether external sources of cash are necessary. While many business owners think profits are the most important financial component of a company, the … Read More
Cash Flow Planning – Cash is King
Cash Flow Planning is essential in maintaining a business. Cash is King. The objective in planning what revenue is coming in and what must be pay out in the same time frame is to help you establish some payment rules. This is Step 2 in our series of Cash Flow methods.
You want to be sure that you can handle … Read More