Benchmarking Your Business

Benchmarking Your Business

Benchmarking provides a means to compare your business against similar businesses, and identify areas where you can improve your performance. Rather than being a pointless exercise in data analysis, it can help you identify areas where you can implement changes and make your business more … [Read more...]

Preparing for Successful Debt Funding

Debt Funding

Applying for a business loan can be time-consuming and complicated. But proper preparation is critical as there may be only one opportunity for credit approval. Loan requests may be declined based solely on insufficient or inaccurate data, even though the business may be credit worthy. With this in … [Read more...]

Best Methods to Manage Your Cash Flow

Cash Flow Chart

What exactly is Cash Flow? Is it the same as net income or operating profits? The primary difference between accounting profits, or net income, and cash flow is the timing of collecting revenues, converting assets to revenues, and the incurrence and extinguishment of liabilities.  A business can be … [Read more...]

Financing Alternatives for Smaller Businesses

Charts and Graphcs

Financing the cash needs of a smaller business, other than from the personal assets of the business owner, can be challenging particularly with little operating history.  As smaller businesses continue to face challenges when it comes to gaining access to capital and taking advantage of … [Read more...]

What is Risk Management?

Risk Management

Risk management is one of the four major areas of responsibility of a CFO in a business and it includes the following functions: Internal Controls Treasury Management Insurance Programs Working Capital Optimization Business Process Optimization But really… what is Risk … [Read more...]