by jmatest | Aug 21, 2020 | Business, Cash Flow, Managing, Mistakes, Profit
Providing credit is a service for financial institution. If you offer payment terms to your customers, how do know that they have the ability to repay you with in your terms. Without a credit policy and a mechanism to verify credit worthiness, you may be risking your...
by jmatest | Aug 21, 2020 | Business, Cash Flow, Profit
Many business owners see more revenue as the solution to poor profitability. This can often be a fast road to business failure. If you are not making sufficient gross profit on those additional sales, you may run the business out of cash very quickly. In many cases, a...
by jmatest | Aug 21, 2020 | Business, Planning, Time Management
Business owners have no one to talk too. There are many things you cannot share with your employees. There is some information that is not their business. In a similar vein, discussing your business issues with your spouse / significant other can also be difficult....
by jmatest | Aug 21, 2020 | Business, Employees, Managing
Owning a business is hard. There are new challenges every day. It can wear on your entire organization if all that is discussed is the negative. Take opportunities to recognize success. Meeting a monthly sales or production goal is a good reason to celebrate. It can...
by jmatest | Aug 21, 2020 | Business, Managing, Planning
Without a game plan for your business, how do you know if you are successful or not. A simple business plan can give the owner a road map that all vested parties know where the business is going and their role is in achieving the plan....
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