StartupNation features Signature Analytics’ article on how to approach startup cash flow downturn. The article covers the following: How to stabilize the company’s cash flow The difference between “cash flow positive” and profitable How to get invoices paid faster Alternative revenue sources Read the full article on StartupNation.
One of the biggest obstacles in business is predicting cash flow and influencing the future of your company. Business owners may become paralyzed when they review their financials. Understanding your numbers will help you be proactive about your company’s future and confident in the decisions you make. Let’s take a look at some common questions business owners may have regarding their financials and learn the top ways to unleash the power of your financials! Is there a better way to… read more →
Inc.com mentions Signature Analytics in an article about ways to better manage cash flow! The article covers 7 tips to better manage cash flow, including: Evaluation Tightening up net terms Automatic payments Best terms Reserve cash Require deposits Develop Key Performance Indicators (KPIs) Read the full 7 Expert Ways to Better Manage Cash Flow article on Inc.com!
AllBusiness features Signature Analytics’ article on questions to be asking before building your business budget. The article covers the following topics: Ways to forecast the expected year’s revenue Knowing your business expenses Expected cash flow Are you expecting any future large projects? Planning ahead for the next several years Do you have sufficient funds for unexpected occurrences? Where should you allocate your excess funds? Where can you cut expenses? Read the full article on AllBusiness.
VentureBreak features Signature Analytics’ article on rolling forecasting for your business! The article covers various aspects of forecasting, including: Benefits of rolling forecasting and what it means for business budgeting. Comparison of rolling forecasting and traditional forecasting, to see what option is best for your business. An example of rolling forecasting implementation. Read the full article on VentureBreak!
The old adage “cash is king” rings true as much today as it ever has in this fluid business climate. However, as a business owner, you have a choice – manage your cash or it will manage you. It is crucial to regularly review cash balances and cash flow, most often even more so than the P&L. A P&L can show great year-over-year profit growth, but cash will tell the underlying truth about how sustainable a business really is. By… read more →
It’s simple… run out of cash and your business fails. That is why good cash flow management is so imperative to the success of your company. A common source of cash flow problems (especially for small and mid-size businesses) is poorly managed accounts receivable. The more cash you have tied up in receivables due to slow paying customers and delinquent accounts, the less cash you have available for running your business. Furthermore, mismanaged revenue cycle accounting (e.g., delayed invoicing or… read more →
In our last article, we discussed the importance of cash flow management for small and mid-size businesses. So now that you know why it is so important to monitor and analyze your cash inflows and outflows, we thought we would also provide a few quick tips and strategies to help improve your company’s cash flow. Below are 10 tips that can help you better manage and increase cash flow for your business: 1. Anticipate Future Cash Needs Keeping timely and… read more →
“Cash is King”. We hear this phrase time and time again, but why is it so important for small and mid-size businesses? The short answer – if you run out of cash, your business fails. Seems obvious, right? However, what may not be as obvious is that being profitable is not the same thing as being cash flow positive. In fact, many businesses that show profitability within their financial statements have ended up in bankruptcy because the amount of cash… read more →
Budgeting is often a task that is not a key focus of small and mid-size businesses, but it should be. Why? Well, most importantly, the process prepares you to answer the following questions about what the next 12 months will look like for your business: What are you projecting sales to be next year? Are you expecting margins to improve in 2015? Do you plan to hire additional employees? Will you have any large capital expenditures in the near future?… read more →