7 Ways to Improve Cash Flow in Your Business

One of the more significant challenges of owning a business is having enough cash to pay the bills.  Your ability to pay your bills on time, to a large effect, is based on how successful you are in collecting your accounts receivable in a timely manner.

How to Sleep Better with a Cash Flow Plan

What is the biggest worry that keeps small business owners awake at night?  More than likely, it’s the fear of having little or no cash flow to pay bills and make payroll.  After all, if there isn’t anything in the bank, it is nearly impossible to keep the business operating.

Most of the smaller business owners I know, tend to look at their check books and see if they money in there.  If they do, it is a good thing and if they don’t it creates a lot of stress. As the business grows using this simplistic system will get the business owner in trouble and depending on the seasonality of the business and the rate of growth, it can create a very big problem.

Crisis in Business Financing

Over the last 90 days, the banking community has gone through tremendous turmoil due to the loss in earnings from the sub-prime market, deterioration in stock price (some as much as 70% in the last 12 months), liquidity issues (unable to fund new loans) and full scale lay off of departments and key employees.

The Secret of Success

Thought for today. The secret of success.
You need to be a hungry fighter – and a hungry fighter never quits. Success is largely hanging on after other have let to
- Dr. Seuss was rejected 23 times
- Michael Jordan was cut from his high school basketball team
- Henry Fort went broke five times
- The University of Bern rejected Albert Einstein’s Ph.D. Dissertation
- Winston Churchill took three years to get through the 8th grade. Later Churchill gave a commencement speech at Oxford consisting of only seven words: “Never, give up! Never, never give up!”

Turmoil in financial markets costing financial industry dearly

As you know the banks in central Indiana are aggressively tightening up credit.  It is much harder for a borrower to get financing today than it was 2 years ago and many borrowers that don’t match up to the new standards are being shown the door.   There is an interesting report as of 2/1/08 from Bloomberg that identifies how much each financial institution has written off for bad debts in 2007.