Must all segments of your business operate effectively for your business to be truly successful? Some businesses survive in spite of poor performance in some segment(s) that are being carried by the performance of another segment. In other words, when one segment is not productive, other segments must be even more productive to compensate for it.

While this condition certainly exists in many businesses, it is far from ideal. When all segments in your business are not functioning, well, it leaves your business vulnerable. When sales fall or production quality drops, can your business survive if it does not have a solid structure with sound best practices?

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We are experiencing an avalanche in our financial system. Major financial institutions are failing to the shock of investors and depositors, and there is such a high level of uncertainty in the financial system that availability of credit has been shut off even to the most highly rated borrowers.

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Question of the Month: How do policies and procedures fulfill requirements of Sarbanes-Oxley and other financial regulations?

This month’s highlight was the release of the Finance Policies, Procedures & Forms manual. Our newest product is the result of a nearly year-long effort of intensive research, writing, editing, and reviewing. The Finance Manual was finally ready for production and shipping last week. We are very pleased with this new product, and the response from our customers, to date, has been tremendous.

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Strengthen compliance, enhance performance, or speed the development of your financial procedures.

Are you still trying to build an internal control system to help you comply with Sarbanes-Oxley (SOX) and other financial regulations? The newest addition to the Bizmanualz Policies, Procedures & Forms product line – the Finance Policies, Procedures & Forms Manual – can provide a big boost in meeting regulatory requirements.

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Final in Cash to Cash Cycle Series

In the past four weeks, we’ve brought to light four key areas in which you can save $250,000 each — for a total of $1,000,000. Point by point, we’ve shown you just how cash flows through these areas, making up the Cash to Cash Cycle.

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The “finish line” — the $1,000,000 “prize”, cash savings for your business – is within sight.  In our articles on Inventory and Accounts Receivable, we found $250,000 worth of savings in each functional area.  We found another $250K could be saved in Sales and Marketing.  Accounts Payable is

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In our first article on the cash cycle, we “found” $250,000 by improving our inventory management; now, let’s find another $250,000.

Laying the Foundation

Last article, we raised the question, “What could your business do with an extra $1,000,000?”  To lay the foundation, we introduced inventory as the first of four areas

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What Would You Do with $1,000,000?

With $1 Million would you:

• Pay off debt?
• Purchase new equipment?
• Invest/save for the future?
• Give yourself a bonus?
• Buy a new car, boat or plane?

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