Monthly Archives: March 2015

Business Check-Up – Is it time?

Close Up Picture Of A Stethoscope

When was the last time your business had a check-up by someone outside your internal organization?

1. Do your bankers and lenders trust your internal financial statements?
2. Are your internal financial statements prepared without errors?
3. Does your internal accounting staff understand your financial statements from an accounting, income tax, business and industry perspective?…

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Posted in Banking, Best Business Practices, Cash

Inventory – The Big Cash Drain – Asset or Liability?

Money Going Down The Drain

When working with new clients and/or prospects that sell or carry inventory, I always ask the owner(s) how quickly their inventory turns. Without hesitation, most reply 6 to 8 times per year. Then I ask them how they calculated or arrived at that number. The universal answer is “I just know”.…

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Posted in Best Business Practices, small business
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