You’ve heard this before haven’t you? When it comes down to starting a business or surviving as a business – cash is king. Do you and your team do all the tricks and tweaks needed to make enough profit to keep you alive? Think of it like your own health. When you are feeling healthy life is good. Cash is the health of your company. And, like your own health, there are steps you can take to make it better. >
As the first year of Covid closes, what have we learned? What will we do again when the pandemic tamps down, and what will never come back? While we have our own lived experience, what does the broader data tell us about budget allocation? >
This week the federal reserve raised interest rates again making them the highest they have been since 2008. The President just directed the US trade representative to level tariffs on about $50 billion worth of Chinese imports; this is in addition to the steel and aluminum tariffs recently imposed. If you use steel in manufacturing, the prices have already gone up.
Are you raising prices, too? >
Does your company have a culture committee? Before you swipe left, let me say that they are present in Fortune 500 companies, start-ups and everything in between. What are they and why would you have them? Let’s start with why people start them. >
Assume you want to have Net Income of 10%. And, you currently have Net Income of 7% What would you have to do to increase that profitability while maintaining the same sales volume?
Last week we talked about how to exit. In order to do that for the most cash, you need to show great profitability. Well how do you do that? >