It’s important not to lose sight of revenue and business spending through cash reserve management. In my experience, I have found many business owners don’t have extensive knowledge of their revenues and break-even points. To achieve business goals, you have to start with a successful break-even analysis. The Importance of Break-even Analysis I’m amazed by…
What an amazing feeling to end a year with a great cash reserve, only to end the next in cash hell. You start the year off right—strategy meetings, forecasts, a full pipeline—it’s all going really well. It’s going so well you start to justify spending cash on a new office, new furniture, more employees. And…
People often ignore the subject of cash balance and cash flow until they have to deal with it. There are just too many things to deal with and decisions you need to make. However, every decision you make will eventually affect your cash. Many people have enough problems understanding their own personal cash situation; when…