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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How many times have you asked someone to do something like “draw up a project management plan for such and such project”? Your employee completes the project plan, but then you say,

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Which is more painful: an audit or spending the holidays with Aunt Sally and her green Jell-O mold? Either way, your company audit still looms in your mind, but it shouldn’t be that scary – quite the opposite. Besides, even Sally “audits” herself when

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Speak of operations assessment, and we’ll hear its significant value. Speak of an audit, and we’ll run for the nearest emergency exit. There’s no difference between the two, yet

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Each year, businesses write-off six percent of revenue to waste, fraud and abuse. But why would managers throw all that hard-earned money away when there is an easy reliable way to eliminate waste, fraud and abuse

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Public companies have 90 days from the end of their fiscal year to comply with Sarbanes Oxley Section 404. For those with market capitalization of $75 million or more, this clock starts on Nov. 15, 2004; while all others with less than $75 million market capitalization begins July 15, 2005.

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