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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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JUNE 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
Marketing talks about finding your target customer. Unfortunately, those customers are not wearing a shirt with a bullseye on them to help you make that determination. The June Small Business Advisory offers an alternative method for understanding where your customer lives.
Small Business
It is countdown to the start of the 24th Independent Retailer Month beginning July 1. We work to promote the celebration from a different prospective; that of telling the public of the benefits they receive because they shop at a locally owned independent retailer. We also share reseach that shows the many positive feelings that consumers have about locally owned independent retailers and why they prefer to shop with you.
Remeber Struther Martin in Cool Hand Luke as he said, "What we have here is a failure to communicate"?
We are going to apply that expression to the software you use in your business. Are you getting what you need from that software?
Think of how Harley Davidson, Apple, and Campbell's Soup are perceived. Each have a very devout following. We call that cult branding. This month's book we review is, "The Power of Cult Branding", by B.J. Bueno.
All this plus the Internet Tool for Your Business and a staff incentive idea for your business.
