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Rainy day fund, how much does my business need?

 

This is our fifth and final installment for the blog post covering the topic: Cash Flow.  Build a cushion of cash that will maintain you in emergencies.  Establish a rainy-day fund.  So, how much do you need in this kind of fund?  Good question.

Many experts say that you need to be able to cover six-months of operating expenses. …

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Why I Do What I Do?

We recently held our annual B2B CFO® partners’ meeting.  As always, it was very informative and beneficial.  The experiences and training cannot be found anywhere else.  The unity and passion for our clients is unequaled.

In that regard, we have a newly updated website and on the home page is the video “Does Our Why Benefit You?

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Have a Safety Cushion of Cash. Build a Rainy-Day Fund.

This is our fifth and final installment for the blog post covering the topic: Cash Flow.  Build a cushion of cash that will maintain you in emergencies.  Establish a rainy-day fund.  So, how much do you need in this kind of fund?  Good question.

Many experts say that you need to be able to cover six-months of operating expenses. …

Read more >

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Posted in Business Best Practices, Cash, CFO Services

Forecast Cash Flow. Update Your Forecast Frequently.

Here is the next installment of this blog series that presents some ways that a business owner can improve the cash flow of the business.

A business owner once asked me why I felt it was important to forecast cash flow.  I responded by reminding him that he had previously told me that he was often worried as to whether he would have enough cash each month to pay the bills. …

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30 ways to get paid within 30 days: No.30

Originality, Creativeness, And Other Synonyms

Way to get paid #30: Be Enterprising and Relentless: We’ll conclude with another tale from Tracy Wald’s adventures in collecting. Wald has actually gone so far as to look up home numbers in the phone book and contact delinquent payers at home. He says he’s called at “ridiculous hours” of the day.…

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