“Cash is King” is an expression that is widely used in analyzing businesses. Why is it something that you, as a business owner, need to manage? Well, without cash you could not do the things required to stay in business, for example, purchase inventory or pay your employees. A lot of business owners only concentrate on [...]
There are three financial statements that provide a picture of the financial health of your business: The Balance Sheet shows what the business has and what the business owes, along with its net worth The Income Statement is used to give a summary of the company’s revenue and expenses over a period of time The Statement [...]
“Anxiety is caused by a lack of control, organization, preparation & action.” - David Kekich The above quote was posted to Mackey Advisors Facebook page recently. As I read this, I was surprised as to how much it hit home with me. When anxiety takes over I tend to be counterproductive. I have been working with [...]
For anything to grow it needs fuel. In business, that fuel is cash. The economic climate for most businesses is positive right now, but that doesn’t mean you aren’t having cash flow challenges. In fact, if you are growing, and especially if you are growing quickly, your main concern day to day may very [...]
For anything to grow it needs fuel. In business, that fuel is cash. The economic climate for most businesses is positive right now, but that doesn’t mean you aren’t having cash flow challenges. In fact, if you are growing, and especially if you are growing quickly, your main concern day to day may very well be [...]
“Cash is King” is an expression that is widely used in analyzing businesses. Why is it something that you, as a business owner, need to manage? Well, without cash you could not do the things required to stay in business, for example, purchase inventory or pay your employees. A lot of business owners only concentrate on [...]
What is maximizing business cash flow? In the beginning stages of a business, cash is often the most important factor for ensuring success. It is vital, therefore, for businesses to predict and control cash properly. Most businesses begin to manage cash by constructing cash flow statements and other forecasting tools. Cash flow is a measurement of [...]