Sunday, February 26, 2023
Friday, February 24, 2023
I was recently chatting with a colleague and as we spoke some similarities in the issues we came across were common between our entities. We are finding that clients are staggering within the business environment. The pressures are quite great for many and many are finding the conditions to be overwhelming.
- Lack of discipline
- Poor budgeting
- Inadequate planning
- Insufficient preparation
- Fear of failure
- Not enough knowledge
- No team
- Weak systems
- Limited access to financial information, funding, and technical assistance
- Undesirable people skills
Who we have on the team is important to the success(es) that the business is likely to encounter. All of these areas can be delved into further should you decide to book a planning session should you need help in these areas. Should we not have the talent in-house, we can connect you with those in our network who have those competencies. Either way, there's always a solution.
Check back often for updates and read/reread our articles based on your business needs. Have a phenomenal day!
Monday, February 20, 2023
- The asset base and the level of liabilities
- The profitability of the entity
- Cash flow
- The earnings per share
- Share value
- Units in production
- Internal cost controls
- Ratio analysis
- Cost-Volume-Profit Analysis
- Forecasting methods
- Operations budgeting
- Cash management
- Capital budgeting
- Tax planning
It is time to stop playing business and get the necessary professionals on your team to help you navigate what you don't know. No one knows everything. Some of the best use of the business' resources is to invest in the use of professionals to which you have access to enable you to make and save your business' money. Too many people are seeking to do business on the cheap, which isn't budgeting by any stretch of the imagination.
If you don't understand some of the areas listed above, then please seek out your professionals to enable you to obtain clarity. Learn how to make the numbers of your business work for your benefit.
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