Finance
The First Three Answers You Need Each Week To Run A Business
At times in my career I was asked to take the helm of organizations that were struggling. Sometimes it required a turn around. Other times a jumpstart out of malaise. Either required a closer than usual monitoring of financial performance. Here are the first three questions I asked each week. Do We Have Enough Cash?…
Read MoreThe Important Question Most CEOs Can’t Answer
“What is the name of your banker?” “Chase,” she responded. “Not your bank. Your banker.” Most CEOs I work with have no idea who is responsible for their banking relationship. And that’s a problem. Your banker is often the best source of short-term capital, critical to bridge the costs of your company’s growth. To buy…
Read MoreFour Things Your Accountant Should Have Told You When You Started Your Business
Here are four things your accountant should have told you when you started your business. Cash is King. Income is good. Profit is great. But you can’t pay your bills or your employees with either. You need Cash. Cash is King. Growth typically means you need more cash to pay your expenses up front before…
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