One of the best lessons I ever learned working for a private equity-backed company was the value of a 13-week cash-flow forecast. Let me tell you: There is a reason the smartest financial engineers in business always have them.
Why? Because the 13-week cash-flow forecast is a pragmatic tool that will both show you cash peaks and valleys and tell you where to take action to change the outcome.READ MORE
With the holidays behind us and the New Year already in full swing, there’s no doubt that entrepreneurs have a myriad of goals for the year ahead. And one of those things should be to ensure your investors have confidence in your business.
Because whether your business has just one investor, many investors, or you’re starting to think about attracting investors, ensuring they remain confident with their decision to invest should be one of your top priorities. After all, without their support, you wouldn’t be able to achieve your vision.READ MORE
When starting or running your own business, there is no shortage of choices to make. And it’s likely that most of these decisions need to be made quickly, too. But how do you know you’re making the right decision – and what information are you relying on?
We’d venture that more often than not, you’re relying on financial information. But how quickly is that being provided to you on a monthly basis?
When you hire the help of a professional – be it a doctor, a lawyer, or a CPA, for example – the overriding expectation is that as professionals, they will provide the guidance, support and expertise you need.
As we’ve discussed previously, there is no better time to find investors for your company. For the past seven years of recovery from the Great Recession, there has been an abundance of financial capital. In fact, what was once considered a scarce resource is now abundant and inexpensive.READ MORE