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?
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
Arguably no phrase has dominated the tech world the last 24 months more than the term “data breach.” From breaches that have impacted critical infrastructure like the Colonial Pipeline to hackers compromising healthcare records at UC San Diego Health, the last two years have been saturated by headlines of cybersecurity mishaps. Yet, despite the prevalence… Read More The Anatomy of a Data Breach: What are They and What to do When You Spot One?
With expert insight from Win Jeanfreau, Executive Director of iMpact Utah. From bottlenecked ports in Los Angeles to labor shortages across almost every industry, the ripple effects of COVID-19’s impact on supply chains are evident and real. And unfortunately, there is no guaranteed return to business as usual anytime soon. So how can manufacturers adapt… Read More Adapting to Supply Chain Shake-Ups