For Immediate Release
Contact: Chris Anderson
Bizmanualz, Inc.
(314) 863-5079 (tel)
(314) 863-6571 (fax)
Finding Capital in Today's Business
St. Louis, MO - January 10, 2005. What could a business do with an extra $1,000,000? Would they pay off debt, purchase new equipment, invest/save for the future, or give employees a bonus?
What do businesses need that they have been putting off because they don’t have the money today? Wouldn’t $1,000,000 fill those needs?
To answer these questions, Bizmanualz, Inc., a business publications and consulting firm based in Clayton, Mo., has announced Bizmanualz Accounting Policies, Procedures and Forms to help companies grab that $1 million (For a complete list of product information, click here.
With well-defined processes and procedures in place, companies will increase efficiency by increasing inventory turns. And of course an increase in inventory turns means an increase in cash on hand. It’s there - all a business has to do is grab it. And Bizmanualz Accounting Policies, Procedures and Forms can help companies grab that $1 Million (For a complete list of benefits, click here.
But where do companies find $1,000,000 just lying around their business right now? Most businesses probably have $250,000 in each of four areas in their everyday business, and they don’t even realize it. Department by department, step by step, it adds up the target one million.
• Inventory - $250,000.00
• Accounts Receivable - $250,000.00
• Sales - $250,000.00
• Accounts Payable - $250,000.00
• How-to Procedures - $1,000,000.00
But just what exactly is this source for cash? It’s time. If companies are looking for $250,000 then it costs them $4,808 every week that they delay. So what they do with their time quite literally amounts to either costs of delaying, or it can amount to savings when they take action and control of their time. To correct this cost of delay, an increase in velocity must follow - which will set the difference between 'good' and 'great'. The consequences of this shift in system velocity increases discipline and competency: the ability to maintain the increased velocity and the ability to make the adjustments to achieve the 'great'. So how do they realize the difference?
The balance sheet is the largest source, specifically inventory. If a manufacturer has $300,000 or more of inventory (raw materials, work in process or finished goods), then they’ve already found the source. Why? Because inventory is an unproductive asset. Inventory is money, and having it lying around the factory is not where their money belongs. So if they reduce inventory to Just-In-Time (JIT) levels, then they can eliminate 85% or more of their inventory, which translates into $250,000 in cash. And they will also save another $50,000 or more in annual inventory carrying costs. With less inventory, there are lower costs of holding inventory.
Bizmanualz offers training, department manuals and process development consulting for: Accounting, Human Resources, and ISO Quality Management Systems. Bizmanualz Policies & Procedures products combine a printed manual with easily editable MS-Word documents on CD-ROM enabling executives to create and maintain internal controls. Products are available through the company's web site www.Bizmanualz.com, www.Amazon.com, www.bn.com and other affiliates. Dealer programs are also available.
For more information, contact: Chris Anderson, Bizmanualz, Inc. 314-863-5079 chris@bizmanualz.com
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Bizmanualz is a trademark of Bizmanualz, Inc .
