Does your business need cash in the form of new loans or investment? Perhaps the answer is yes. But there may be cash hidden on the balance sheet in your company under different names.
Consider the following:
Does Your Business Need Cash?
Posted in Cash
Is Selling Your Business Your Retirement Plan?
You have decided to sell your business several years from now as part of your retirement.
This allows you to make some changes so can maximize the price.
A purchaser buys a business that has to operate independently of the former owner. If all the procedures, control mechanisms and valuable information is only in the mind of the owner, there is nothing to sell. The business may be a very good business, but if it is not a system, it cannot be sold, or sold for a good price. So, if information and systems are not in place, now is the time to work on that.
Posted in Cash
Five Actions You Can Take To Improve Cash Flow
Cash flow is the life blood of every business. All businesses should focus on it, even the most profitable. But if you run a seasonal business, are in the start-up phase, are growing rapidly, or are in financial difficulty, you’ll need to pay particular attention to your cash flow. The following are key actions you can take to improve it.
Posted in Cash