3 Pieces of Low-Hanging Finance Fruit for Emerging SMBs
Benjamin Lehrer of First Water Advisors
For many small and midsize businesses (SMBs), the function of finance is often ignored or lumped in with accounting. Instead, it’s the opportunity to gain insight into your performance, look forward to plot the financial path, and structure accordingly.
If you’ve got business growth aspirations, the finance tree is a crucial part of the garden. Let’s pick some fruit.
Is the Ultimate Goal of a Business to Maximize Profits?
Per Bylund of SMB CEO
As small business owners, we try to maximize profit where revenue at least equals costs. Yet rarely is profit the end-all be-all, but instead it’s part of how you achieve your goals. This article takes a refreshing look at profit and three things to consider when growing your business.
[Podcast] What are the Specific Financial Numbers You Have to Own?
Tim Berry of timberry.com for Jim Blasingame’s The Small Business Advocate
Profit & Loss is what most B2B CEOs focus on, but it’s not enough. Tim Berry joins Jim Blasingame to reveal the specific areas of financial management that you have to own if you’re going to make the kind of sophisticated CEO decisions needed to sustain success today.
Cash Flow Forecast: What Happens When You Get It Wront, How to Get It Right
Mark Henricks for American Express OpenForum
The reason cash flow and forecasting are so important comes down to one word: surprises. In business, especially small business, there are always surprises. It isn’t enough to be profitable. To survive, you must be able to effectively forecast and manage cash flow. Read how and why three small business owners have managed to take control of cash flow.
How To Bounce Back after Making a Bad Decision
Kristine Gunn of Insperity
We all make mistakes. In fact, mistakes are part of life for every business and every working person. That said, a high-profile mistake by the CEO or top leader of a small to medium-sized company could inflict outsized consequences upon a company and its employees. Before it’s too late, learn the four R’s of crisis communication to help you navigate the choppy terrain of a public failure or corporate mishap.
Decision-Ready Management Accounting & Controller Services For Growing Businesses
GrowthForce provides cloud based bookkeeping, management accounting and controller services – specializing in delivering actionable financial intelligence that helps small businesses and nonprofit organizations grow. Call (281) 358-2007 or email info@growthforce.com for pricing or to schedule a financial systems consultation for your business.
GrowthForce accounting services provided through an alliance with SK, CPA PLLC.
The post Gaining Control of Cash Flow to Getting Better Profits – GrowthForce October 2015 Blog Roundup appeared first on GrowthForce.
