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Sure, most all businesses get a financial sheet that is updated each month, but is it being utilized to its fullest? Do they create a cash flow chart? And have they established a set of goals, both long and short term? Lack of financial management is the major cause of failure for small businesses. 54% of the businesses that do fail, have a financial statement that shows them as being profitable. And while many businesses receive financial information (profit and loss statements, balance sheets), this information is rarely used to make decisions for the business. After this presentation by Tom Shay, you will be able to create a cashflow chart which will provide you with an accurate estimate of your checking account balance for each of the next twelve months. Seminar attendees will discuss examples of these, and create a plan for the future of their business. During the session, Tom describes two formats for creating this financial projection tool. Here are the two Excel files which are the templates. Cash basis accounting template | Accrual basis acounting template Powerpoint of "Black Ink: Cashflow Management Secrets Your Accountant Never Shared" PROFITS PLUS, FOUNDER OF...
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OCTOBER 2026
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With over 25 years of frontline experience Tom Shay is America's leading Small Business Management Expert. He's a "Must Have" for your next event.
Small Business
Healthy, Wealthy, and Wise. It may be the last part of a saying dealing with going to bed early and getting up early. It is also the title of this month's advisory. We are going to look at five tests you can perform on your business along with several calculations you can perform on your business to determine how well the business is performing.
Small Business
Continually, I am baffled by small businesses that fail to ask for customers for their business. The example for October is service businesses that deal with their customers on a monthly, quarterly, semi-annual, or annual business.
I don't understand why they tell customers to call when they are ready for the next service.
It is just a tool. We are talking about money. The October article tells the story of several small businesses that make a big difference in their community. These are heart warming stories of making money and using that money in some unique ways.
How about an uplifting book to start the last quarter of the year? Big Magic: Creative Living Beyond Fear by Elizabeth Gilbert can give you that boost in both your personal life and in your business.
All this plus the Internet Tool for Your Business and a staff incentive idea for your business.
