How to Protect Your Most Significant Financial Asset As a successful business owner, your business is likely your most significant financial asset. Without a succession plan, you put your and your company’s financial future at risk. Succession planning is one of the most difficult challenges business owners encounter. Most business owners have difficulty thinking
Improve Working Capital Management Working capital is the lifeblood of your company. The excess of current assets over current liabilities, it has the power to create or destroy value. Three key components of working capital are inventory, accounts payable, and accounts receivable. By reducing the cash conversion cycle – a key metric monitoring the length
Optimize Your Cash Reserves Right now, your top priority as a business owner is to optimize cash reserves as the magnitude and duration of the COVID-19 crisis remain unclear. Your assumptions about customers, sales cycles, revenue, cash flow, and cash runway are no longer true. Below are ten actions that you can take now to
