Insufficient cash flow is a major contributor to business failure. Use cash flow tools to improve and manage the flow of cash through your business. What is accounts receivable and how does it affect cash flow? This is the process of collecting money your customers owe you. Ignore it at your peril. Your aim is to collect accounts receivable before paying your suppliers. The articles here will let you know how. Not happy with your Profit? Use the cash flow tools to reduce variable costs. Then see how your Profit improves. Variable costs are those that are directly related to your level of production/service. They are often referred to as Cost of Goods Sold (COGS). Work with your suppliers on quantity and payment terms. Also, learn which costs to focus on with the 80/20 Rule.
22Oct
Diagnostic Tool List
D10 Performance Analytics How to Use Performance Analytics Any successful business leader needs to understand the basics of measuring performance so they can set up appropriate measurements and monitoring systems for the business. Also necessary is a background on financing business operations. Benefit from Business Benchmark Resources Change your Accounting Mindset with Throughput Accounting ChangeBoard...