In Part 1, we looked at a 4 chapter story within the balance sheets. Then, using the below example, we demonstrated how each chapter shows the cash generated and how our theoretical company used it. Part 2: Continuing the Story In Part 2, we will now evaluate whether our theoretical company’s investment in working capital… Read More Your Balance Sheet is Telling You a Critical Story. Are You Listening? Part 2
How can you positively impact cash flow in your business? Rick Papworth, Managing Director of Finance at iMpact Utah, gives a quick overview of the 7 Drivers to Help You Improve Cash Flow. Read more about this topic in Thriving in Any Economy: The Importance of Cash Flow.
Not enough companies are listening to their balance sheets. Balance sheets tell a story about your company’s financial health, but only 7% of small business owners generate monthly financial statements. Privately held mid-sized businesses fare better at consistent financial statements, but their leaders tend to focus on the Profit and Loss (P&L) numbers. While P&L… Read More Your Balance Sheet is Telling You a Critical Story. Are You Listening?
Thriving in any economy requires a focus on business essentials, and perhaps nothing is more essential than cash flow. Sufficient cash is the single most critical factor in any business. Even a growing business with high demand for its products or services can go out of business if it runs out of cash. According to… Read More Thriving in Any Economy: The Importance of Cash Flow