They say "cash is king," so it may come as no surprise that proper cash flow planning is critical for businesses of all sizes. Watch Candy Cunard as she discusses four simple rules for creating a more effective cash flow plan.
Financial statements are more than just raw numbers. Watch Louise Anderson discuss the key components of a financial statement and the importance of benchmarking.
Perhaps you have heard the saying, “Failing to plan is planning to fail.” Like many proverbs, this one has some truth behind it. Did you know that 40% of start-up businesses fail within two years, and roughly 50% of small businesses don’t make it past their five-year anniversary? In contrast, businesses that execute a plan [...]
Much like the weather, budgets are often unpredictable. Forecasting helps businesses to weather the storm when the unexpected occurs. Watch Alyssa Hill and Sam Sims discuss budgets and the importance of forecasting during the budget year.
A company’s budget can inspire feelings across the spectrum from optimism to worry. Whatever the reaction, it’s important to develop and adhere to a realistic budget, since it outlines numerical success for that year. It also makes sense to perform a review of the budget early in your fiscal year (and review periodically) to provide [...]