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Informative Articles

7 Sanity Saving Business Boundaries
The lack of strong boundaries is one of the chief causes of stress, overwork and overwhelm in the business environment. Clearly set boundaries help other people to understand how you want to be treated. They are the rules, if you like, that apply...
Asian Business Strategy and Approaches Today compared to the West – lessons from the classic text on Asian strategy the “Art of War” by Sun Tzu
By Jason Armstrong, Ph.D. Sun Tzu’s “Art of War” is considered to provide the most profound lessons for leadership, and victory in East or the West. Today its principles are applied to business all over the world. This classic body of work came...
Buyer Beware: Choose A Business Coach Carefully To Get The Results You Want
Consider this scenario. A colleague suggests you get a business coach. Via the Internet, you find one close-by. The woman says she’d love to help. She charges $300 a month for two 30-minute calls. It seems like a good deal, so you eagerly sign...
Correct These Two Business Mistakes And Watch Your Profits Soar
Here’s the dilemma: You spend sixty hours a week or more working on and in your business. You know you have good employees. You know you have a good location. You advertise regularly. You know there is a need for your service or product. But, your...
Is Vacation Rental Ownership Your Business Opportunity?
It's a dream I've heard so many people express: "I want to run a bed and breakfast. They are so cute" Or "I want to own a vacation rental property, so I can get a free vacation and make money the rest of the year. But what is really...
 
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5 Warning Signals Your Business Might Have A Cash Flow Problem

A key reason for business failure is poor cash management. If you don’t pay attention to your daily cash flow, you face extinction; yet so many business people loss site of their cash flow. No matter how fantastic your company’s products are, you will not survive unless you generate sufficient cash flow to sustain it. It is not the goods or services that are the end-products of your business, it is cash.

1. You are exhibiting a decrease in liquidity (you are running out of working capital).

2. You are overtrading by selling more than you are capable of


dealing with financially.

3. You have excessive short-term debt.

4. You are missing discounts on your payables or you are paying them beyond the stated terms.

5. You are collecting your receivables slowly and outstanding receivables are piling up.

About the Author

Jeff Schein is a CGA and offers advisory services in the areas of business planning, business modeling, strategic planning, business analysis and financial management for new ventures and growing small businesses. Visit www.companyworkshop.com or mailto:jeff@companyworkshop.com