Bridging the Cash Flow Gap

I have received several questions regarding bridging the cash flow gap, as in “How do I bridge my cash flow gap? Where do I find working capital? What can I do to bring in cash for customers sooner?” Read below for the answers. Multi-Week Cash Flow Projections Companies need to make 3-month/ 12-week cash flow…

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One Top Small Business Tax Mistake

What is the top small business tax mistake you see? Unlike CPAs and other accountants and tax professionals, I do not assist small business owners with their taxes. However, I often advise small business owners on strategies that their accounts and tax professionals miss, then tell them to follow-up with their tax advisors or, better…

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The Importance of Cash Flow Management – Video

Cash is king, especially for small and medium businesses (SMBs), which do not have access to capital markets. An unprofitable company with cash can limp along for years, but a profitable company without cash will fail in a few months. How is this possible? Cash Flow Your business uses cash and cash equivalents to pay…

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Three Ways for Small Businesses to Save Money

Here are three ways budget-savvy small business owners can save money bootstrapping or over the course of daily operations:   Take advantage of all the freebies. Many companies, especially software-based companies, offer 30-day trials. Other companies offer giveaways or free consulting. Still other companies offer 30-60 day money back guarantees so if the product or…

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#1 Finance Mistake Small Businesses Make

When it comes to finances and money, in my opinion, the #1 mistake small businesses make  is as follows: Small businesses confuse profits with cash flow. Unfortunately, companies can be profitable yet run out of cash. I’ve seen this happen repeatedly. Lack of cash flow forecasting, no customer deposits or prepays, and a mismatch between…

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