Do you have a business plan? If so, how detailed is it? Does it include forecasts of income and balance sheets? And most importantly, does it include forecasts of cash flow? Does your business plan model allow you to modify important drivers, such as variations in monthly sales levels, variations by product, gross profit percentage […]
costs savings
Cash Theft: Protecting your Business
There are two general types of theft of cash from a business: skimming and cash larceny. Skimming is where the cash never makes it into the accounting system, such as when an employee fails to enter a sale into the cash register. Skimming is the hardest type of cash theft to detect, but there are […]
Getting by on Less Labor
I recently heard a report on the U.S. economy which stated that although the Gross Domestic Product (GDP) made some gains, there was little increase in the total number of non-governmental jobs. The reason given was that due to the recession, many employers have learned how to get more production form current staffing without adding […]
Do you need a CFO?
Is your business big enough to require the a CFO? As businesses grow, they transition through a period where they need the CFO function performed, but there is not enough work to justify a full-time CFO. Many businesses try to make the leap all at once, going from no CFO to a full-time CFO. This […]