A business owner, or someone who works with business owners’ cash, has a constant and unrelenting problem. Do you sometimes wonder where your cash went? There are several “tricks of the trade” that well managed companies utilize to maximize their cash flow. These cash policies can be used by any business, large or small.… Read more >
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Are you, as a business owner, managing profitability? Why do I ask? Jonathan Byrnes in his book, ISLANDS OF PROFIT IN A SEA OF RED INK, made the following statement. “In my research and work with companies in a wide range of industries, I have found that 30 to 40 percent of each company’s business-by any measure (accounts, products, transactions)-is unprofitable” (Byrnes, 2010, p.15). … Read more >
Jerry Mills in his book, Avoiding The Danger Zone, tells how Gordon Segal, the founder and CEO of Crate and Barrel made the following statement that was documented in
“Getting distracted is the biggest problem entrepreneur’s face” (INC. Magazine, July 2007, 80).
Please let that statement sink in. … Read more >