A statement of cash flows can be an important tool in planning and managing a company’s cash flows. What is it? A statement of cash flows starts with a company’s profit or loss and then specifies areas where cash has increased or decreased.… Read more >
It is a common lament heard in business today, expressed in a variety of ways:
“There are not enough hours in the day”
“Where did the time go?”
“I just ran out of time”
What these expressions all reflect is the precious nature of that most valuable and fleeting of resources…time. … Read more >
There is a seemingly endless supply of advice to entrepreneurs on what and how to improve your enterprise. Some of it is insightful and very helpful and some of it, even with the best intentions, is a waste of time and money. … Read more >
Throughout my career I have been involved in many changes of systems. The one constant has been that changing systems is a hard, painful and expensive process. There are no reliable shortcuts.
Unfortunately, I have seen way too many situations where shortcuts have been taken. … Read more >
Valuations – Do you know the market value of your business?
Many entrepreneurs have much, if not most, of their personal wealth tied up in their business and, therefore, have a very strong self-interest in getting a good answer to this question.… Read more >