How to Pivot to Increase Profit and Relatability Although eventual success or failure is uncertain for businesses, research indicates that the first five years are more challenging for a company. The US Bureau of Labor Statistics estimates that 50% of businesses tank...
5 Tips to Improve Cash Flow in Your Small Business Proper cash flow management is fundamental to operational success, especially for small businesses forced to work with lean budgets. If a business wants to grow, it must increase its liquid assets....
What Are Pro Forma Financial Statements? Every business needs to plan for the future. Pro forma financial statements are designed to help forecast future expenses and revenues. Notably, they can help determine future prospects and visualize long-term financial...
5 Simple Ways to Increase Profits in Your Business Profits measure your earnings after subtracting costs and remain a top priority for any business. Some companies can operate at a loss for extended periods, but most will have to demonstrate profitable operations to...
How Do I Build a 13-Week Cash Forecast? Does your business frequently struggle to make payroll? Are you at risk of defaulting on debt? Having trouble predicting cash balances with accuracy? If your cash flow is unpredictable, your cash reserves are low,...
How Should My Business Combat Inflation? The cost of business is always going up. Between supply chain complications, rising wages, and increasing material costs, inflation is unavoidable. Recent statistics point to an 8.6% increase in...
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