If you had to settle on one measure to monitor your company’s need for capital, this would have to be it. The lower the figure, the less capital you need to grow. The less capital you need to survive. Capital in a small business is not easy to come by, so it is worth spending a little time to keep on top of this critical measure.
Filed under: Financial Management Concepts | 3 Comments »
It’s not always as simple as you think. But it is something you should think about.
Philip Campbell writes in his book, Never Run Out of Cash, that there are two crucial questions you must ask yourself in order to eliminate cash flow worries:
What is my cash balance right now?
What do I expect my cash balance [...]
Filed under: Cash Flow Analysis and Projections, Financial Management Concepts | Leave a Comment »
I have a client who relies on me for general business advice, and who likes for me to look at the books at the close of each month. His controller sends me two CSV files exported from Quickbooks – one with the Standard Income Statement and the other with the Standard Balance Sheet report – [...]
Filed under: Cash Flow Analysis and Projections, SurvivalWare "How to" | Leave a Comment »
