Posts Tagged ‘inventory’
Your Business Is Profitable—But Could You Still Go Broke?
You might be excellent at running your business—but do you know how to manage your company’s finances? Even if your business is profitable, your cash flow may still suffer if you ignore your numbers. You want to see a business owner squirm and run out of the room? Start talking about cash flow and financial ratios.…
Read MoreAvoid a disastrous acquisition by following these 5 steps
Due diligence, along with some outside perspective, can help you make sure excitement isn’t clouding your judgment. So take these five steps to review key parts of the financial statements before your acquisition. Ahead of a big acquisition, most executives would agree that it’s important to scour the books for any signs of concern. The…
Read MoreFind Financials Confusing? Here’s How To Make Them Work For You
When I was a business owner, I had the fortune of being naturally comfortable with financials. So I assumed other CEOs were, too — until I became an advisor. Often, leaders who are amazing at running businesses have little understanding of the importance of numbers. It’s not that they are incapable of conceptualizing financials; it’s…
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