The first annual Northern Utah Manufacturing Excellence (NUME) Conference took place on October 26th in Logan, UT. Local manufacturing leaders, small business owners, and MEP partners came together to learn from each other and strengthen the manufacturing industry in Utah. iMpact Utah was also on the scene to demonstrate our exciting Pit Crew Challenge. Watch… Read More NUME Conference 2022 Recap
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?