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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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MARCH 2025
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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
Does it seem like you, as the owner or manager, are having to do everything yourself? The March Small Business Advisory points out ways to lessen your load; even the responsibility of hiring!
Small Business
People love entertainment. Is there something about your business that engages customers? Perhaps a part of the reason for growth in online and drive thru shopping is because the business does not know how to engage the customer.
If a person is going to sell their business, there needs to be a plan to do so. Perhaps the surprise is that there is a lot to be done before a business is offered for sale. The March Article of the Month is titled, "Game Over".
What are your strengths? What are your talents? You may think you know them, but the Book of the Month, "Now, Discouver Your Strengths" by Don Clifton can assist you in getting a truthful assessment. You may even find some hidden strengths and talents.
