October 31, 2016
In this difficult economic environment, having a good relationship with your bank and banker is critical to the success of your business. A strong relationship with your bank will not only give you access to capital, but also help you obtain better credit structure and pricing. One of the main causes of the breakdown in the relationship between the banker and entrepreneur is communication.
October 25, 2016
Do you have a dashboard of performance ratios to help manage your business? Are these the same ratios your bank and bonding company analyze to make decisions about your company credit?
October 24, 2016
Cash flow is the lifeblood of your business. One of the few positive effects of the recent financial crisis has been to reinforce the importance of implementing an effective cash management program. By taking a strategic approach to managing working capital, treasurers can free cash flow and maintain a healthy financial state.
October 17, 2016
What is the primary reason that profitable companies fail? CASH FLOW. Or, the lack of cash flow to be precise. After seven years of slogging through the Great Recession and feeble recovery, industry backlogs are strengthening and the near-term outlook is as favorable as it has been since 2007. Great news, right? It can be as long as owners pay close attention to their cash flow and capital position.