There are two techniques used in accounting forecasting: qualitative and quantitative. Qualitative forecasting is based on information that can’t be measured. It’s especially important when a company’s just starting...
Sale & Lease Back is an alternative to traditional bank financing (investment loans, real estate loans). The entrepreneur sells an asset owned by the company, such as a machine...
Despite the importance of consistently maintaining a high level of working capital, it is also important to understand that there is a level considered ‘too high’. Having an extremely...
Periods of uncertainty and distress create many questions that businesses must answer. Will they have the human resources and materials with which to produce goods and perform services for...
1. Increase your communication with your key customers. Check in on a weekly basis especially if the customer has past due balances. Consider having the CFO or other leadership...