Tag: business tips

Increasing Your Company Value

Whether you’re selling your Company or not, every owner wants to increase the value of their business…  Questions is:  Just how to do it in a cash-rich, profitable way?  The key is to build your business with ‘The End in Mind’. Increasing the value of your business falls into four categories: Keep Focused & Minimize… Read more »

Cash Flow Is King – And You Need To Rule

“Cash is King”: It’s a phrase we know all too well – AND – the hard truth when it comes to managing a business. Without cash, you can’t pay your suppliers and employees. Without supplies and personnel, you can’t produce your product or service. Without a product or service, you can’t make sales; and, without sales, there IS… Read more »

Put People Before Profit

In these very tenuous and difficult economic times, the importance of profitability becomes tantamount. Without profit, positive cash flow, which is the lifeblood of any business, can quickly dry up and cause significant difficulty even in basic operations. This is especially true when the availability of credit seems to be evaporating before our eyes. Profitability… Read more »

Producing an Effective Strategic Dashboard

Performance management dashboards have proven to be a valuable addition to financial management systems. When correctly implemented, dashboards can generate significant value by providing the link that connects management’s strategic intent to actual business performance. The first step to implementing an effective dashboard begins at a strategic level. Step 1 is to identify two or… Read more »

15 Ways to Invite an IRS Audit

There’s no reason to pay more tax than is legally required, but there’s also no reason to make yourself a target for an Internal Revenue Service audit or to get your return flagged by the IRS’ computers, which match billions of documents each year. So consider what situations might make you more … Read More… Read more »