Accounts Receivable: "The process of collecting money your customers owe you." Failure to have this process working well leads to insufficient cashflow and is a major contributor to business failure. Ignore it at your peril! Yellow Belt
A healthy cashflow is a major contributor to your business’s ability to survive and grow. Do you want to harness the power of your cashflow to grow your business? Are you struggling to pay bills when they fall due? Speeding up cashflow can help with both these goals. Cashflow Acceleration discusses how you can...
Your business is likely to represent a big part of your personal wealth. Learn how to protect the wealth your business generates. Getting your wealth together is a lifetime of work so the last thing you want to happen is to lose it because of some foolish decision or unexpected...
Throughput Accounting (TA) comes from the same stable of business thinking as the Theory of Constraints TOC and is a different way of accounting for a businesses success. It is a major rethink on how to position your business for success.See the Skills Module introduction: Theory of Constraints (TOC) Blue Belt
Basically, Compound Interest tells us that the longer the period you have placed an investment for, and/or the higher the rate of return or interest on that investment, the more it will amount to if you keep reinvesting the interest. And it will grow faster and faster over time (referred...
