Posts Tagged ‘financial management’

Stop Learning at Your Own Peril

Learning is a never-ending endeavor. Either your deliberately learn or you stop learning at your own peril. In the blog Be Willing to Experiment I discussed the important of accepting that change occurs and being the catalyst for the change we desire. Continuous learning is part of the process of being a catalyst for favorable change. Read the rest of this entry »

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Be Willing to Experiment

In my last posting Be Willing to Entertain What Seems Impossible I discussed the importance of learning to turn off negative, defeatist thinking and take on some challenges that at first may seem completely impossible.

Like it or not you and your surroundings are going to change. The question is, “Do you have any control over the change?” Read the rest of this entry »

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An Overlooked Security Issue

When it comes to the security of your financial data there is an overlooked security issue I see frequently. No, it’s not weak passwords or failure to change them frequently, nor is it allowing people access to information to which they shouldn’t have access. All these are indeed ones I see frequently, but they are not the one I’m thinking of that exposes the data of so many companies to problems. So what is it? Read the rest of this entry »

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Every Business Needs Accounting Done Right

Whether you’re a sole proprietor or a multi-employee small company, every business needs accounting done right. In the article Does a Part-time CFO Makes Sense? I touched on this issue, but let’s look a little deeper. Read the rest of this entry »

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Don’t Let Vendors Become Complacent

If you are diligent you will likely find that you can get better deals from your vendors than you are led to believe. Read the rest of this entry »

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Actively Manage Expenses to Increase Cash

Increasing cash involves paying attention to numerous things and acting in a timely manner. Let’s briefly look at how expenses impact this. This is the last of a series of posts on this topic, following ones on converting Read the rest of this entry »

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Manage Your Liabilities to Increase Cash

While accounts receivable and inventory are two assets that can dramatically impact cash, it is important to consider liabilities as well. Read the rest of this entry »

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Excessive Inventory Can Be a Burden

This continues a series of posts focusing on how to manage cash and how managing assets, expenses, and liabilities impact it. Along with accounts receivable which I discussed in Read the rest of this entry »

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All Those Accounts Receivable are not Impressive

In a series of articles I’ve been focusing on how to manage cash and how managing assets, expenses, and liabilities impact it. Now I want to be a little harsh in one particular area.

Receivables are Every Where

Perhaps when you look at your financial statements and see accounts receivable that represent 70% or more of your current assets you are impressed. Should you be? Read the rest of this entry »

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Turn Your Assets into Cash

Assets are great, but understanding how to use them to increase you cash is imperative. In the blog posting Know What Causes Your Cash Balance I discussed the need to understand just what actually causes your cash balance to be what it is. Now I want to go a step further to deal specifically with other ways to turn your assets into cash. Read the rest of this entry »

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