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April 25, 2012

FERMAN THORNTON answered this question

What are your top five needs for your small business in today's economic environment?

1. Brand recognition-getting people to know who you are. 2. Operating capital-to be able to operate within budget and/or have good bank relationship. 3. Quality-people will come if you put out a quality service or product. 4. Good employees-any business is only as good as ... more

Economy

Marketing

Sales

Business

2 more topics

Dec. 10, 2011

Susan Rawlings asked a question

What is the average burn rate for an e commerce startup?

Burn Rate

Cash Flow

E-commerce

Nov. 14, 2011

Cynthia Stamer and 5 other people answered this question

Is it better to hire a collections agency or an attorney to collect on business debt?

The key here is to do prudent and well documented due diligence both as to the parties and skills of the persons who will handle your matter to ensure that you get the service you are seeking and to minimize the risk that the colelction ... more

Nov. 2, 2011

Gary Honig answered this question

What's the best way to manage my cash flow?

Increase sales!
Start with good accounting fundamentals with a software package you understand and can navigate properly. Then, good cash flow is all about discipline. Any money you take from your bank account or line of credit should be replaced by incoming revenue. Borrow money to ... more

July 13, 2011

Jeff Moskovitz answered this question

How can I tell if my company's finance/accounting department is managing cash flow effectively?

Cont'd
Suppose that, based on this exercise, you determine that there are issues in the billing cycle. Now you decide you'd like to measure the number of days that elapse between the closing of a sale and the point where the customer is billed. You may ... more

June 9, 2011

Business Management Specialist and 5 other people answered this question

How can a young business avoid cash flow problems?

There are many ways to do it and there are some general ways also. It just all depends on the situation at hand. I say saving and proper strategic management is always key. Saving and proper money management should be at the top of your ... more

Operations

Small Business

Cash Flow

April 24, 2011

dale fuller and 12 other people answered this question

Which financial statement best speaks to the financial health of a business?

do not need a statement, just need two numbers and they say everything about the financial health of the business, OpINC and FCF. except in the early stages of a turn around or a startup, then it life, ie: cash and burn.
How a company ... more

April 14, 2011

Douglas Millington and 6 other people answered this question

How can SMBs collect payments faster without alienating customers?

Getting paid timely begins with the initial contact with the business you are extending credit. You need to be clear, friendly and firm that you expect to be paid within the time frame agreed to by the customer/client. I always ask specifically if they agree ... more

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