Skillful inventory management is often one of the biggest factors in maintaining positive cash flow. Consider these techniques for controlling your company’s inventory to improve your cash position: Track inventory turnover. The inventory turnover ratio measures…

Closing a business is often a difficult and complicated choice to make. Usually the decision to close has little to do with the financial performance, and more to do with a change in ownership or…

Your employees are your greatest asset. Keeping up with HR regulations is key to reducing turnover and avoiding penalties and lawsuits. Here are major changes to know about for 2020:   New Federal Overtime Rules…

Holiday time is a perfect time to check your lists twice. If you’re an employee whose life situation has changed—such as you got married, your child turned 26, or you’ve moved—you’ll need to update your…

How many family businesses can you name that have been around for many generations? Have you ever wondered what they have in common? Most businesses that continue to prosper as they pass from generation to…

How to use financial information to increase your business profits. Most successful business managers use financial statements and other special reports to generate higher profits. If you haven’t been using all the financial tools available…

Cash theft ranks as one of the most common frauds perpetrated on small businesses, according to a 2018 report by the Association of Certified Fraud Examiners (ACFE). To ensure your business is protected from theft,…

I enjoy working with manufacturing companies. Some of my more successful clients have been people that had an idea and literally made it a reality. As I’ve followed the industry over the years, I’ve noticed…