Continue reading How Do You Manage Business and Personal Finances?
Lean is a journey. If you’re like most companies, your lean journey starts in manufacturing with something simple like a 5-S program and then moves on to more difficult lean tools like analyzing your value streams and then eventually reorganizing your whole supply chain. This is all great stuff but when are you done? What comes after lean manufacturing?
There are three core process flows within your company: your cash cycle, your manufacturing (or fulfillment) cycle, and some have a design cycle. What is the difference between these important cycles? And what are the 3 core process flows within your organization all about?
Continue reading What Are the 3 Core Process Flows within Your Organization?
Whether you’re looking for a business valuation to sell your business or merely wondering what it’s worth in the current market, you may be at a loss as to where to start. In this post we are going to explain how to determine the value of your business? Continue reading How to Determine the Value of Your Business?
We all hope our co-workers and employees are honest, and they probably are. Yet, improper cash control, poor cash cycle procedures, and weak cash security can tempt people who are basically honest. Think about parking at the local mall. You always roll up your windows and lock your car to protect your possessions, especially if you made some purchases at an earlier stop. Most of the people who walk by your car at the mall are honest, yet you don’t want to tempt them by making it easy to take something that doesn’t belong to them. What are some internal controls for cash? Continue reading What Are Internal Controls for Cash Security?
Cash Management is a critical part of small and medium-sized businesses that rely on a steady, consistent stream of incoming cash — customers paying for goods and services with cash, checks, and credit cards. What Are Cash Cycle Procedures? Continue reading What Are Cash Cycle Procedures?
Debt has been a vilified aspect of finances for a very long time. Still, it will be naive to think that it is not a necessary part of running a business. When managed wisely, a short-term business loan can help you expand and hire new employees. How do businesses manage debt? Continue reading How Do Businesses Manage Debt?
Many business owners grew up wanting to become entrepreneurs, not paper-pushers. They dreamed of creating world-changing products, taking financial risks for enormous profits, and making the cover of Forbes. What they didn’t dream about were problems with cash flow: chasing late payments, printing invoices, and moving money in and out of bank accounts. How can automation improve business cash flow? Continue reading How Can Automation Improve Business Cash Flow?
Starting a business is a life goal for many young entrepreneurs. Unfortunately, it’s not that simple. If you want to start a business and be your own boss, you have to prepare yourself for hard work and saving money to be successful as a first time entrepreneur. Here are some ideas for how to financially prepare to start your own business.
Continue reading How to Financially Prepare to Start Your Own Business
Business Capital is the most critical component that fuels your company and keeps it safe from sharks in the banking world. Without it, organizations can’t grow. or you may be bootstrapping your startup, but how do you figure out how much cash a company needs? Continue reading How Do You Figure Out How Much Cash a Company Needs?
