Maximum Money – Improve Cash Flow & Boost Profits

Posted by Stacy Johnson
On August 30, 2019

Evaluating a company’s financial health is an essential skill for all business owners. This Maximum Money Course covers the fundamentals of financial analysis. In once a week for five weeks, participants have the opportunity to develop a comprehensive 12 month financial forecast.

3 Places to Find More Cash in Your Business

Posted by Liz Overstreet
On March 13, 2019

Is your business consistently profitable but somehow still tight on cash month after month? Do you find yourself continue to sell more and yet not having any more cash to show for it? If your company is profitable but your bank account is still coming up short, here are three places to examine. Accounts Receivable. […]

Financial Figures You Should Monitor

Posted by Macy Thomas
On July 24, 2018

As a business consultant, I get to help people grow their businesses. The first meeting I have with clients typically starts with them telling me about their business. I watch them light up as they talk about their mission and vision and how far they have come. When I shift the conversation over to their […]

Cloud Accounting for Small Business

Posted by Liz Overstreet
On April 14, 2017

As a retired accountant, I have heard possibly every reason from small business owners over the years for not having an accounting program to monitor the state of their business. The reasons ranged from the cost of a program, do not know how to use it, time to use it, and too many more to […]

Manage Your Business Taxes – Don’t Let Them Manage You

Posted by Macy Thomas
On March 31, 2016

As an SBDC Business Consultant, I have the opportunity to work with a lot of business owners, and one of the things I have figured out is that NONE of them got into their businesses so that they could pay taxes. The restaurant owner wants to serve really great food. The car dealer is a car guy. But taxes are a fact of business life. So, it is a good idea to have a game plan to handle them in an efficient way so that you can focus on the real reason you got into business in the first place. Here are a few suggestions:

Understanding Gross Margin

Posted by Macy Thomas
On March 2, 2016

Ignoring your financial statement is like ignoring the health of your business. Startups and new business owners often overlook understanding gross margin. This can have a direct impact on your ability to effectively manage a growing business, price your products, and most importantly, make a profit. Gross Margin Overview The gross margin represents the […]

Know Your Numbers

Posted by Macy Thomas
On October 21, 2015

I recently met with a client in the specialty food business. The company, in short time, gained product placement throughout the southeast in one of the largest grocers in the United States. However, her company is operating at a loss, and to make matters worse, her cash balance is dropping faster than her operating losses. […]

Finding the Cash You Need for Your Business

Posted by Macy Thomas
On September 10, 2015

Cash is the life blood of any business, large or small. Like an elite athlete requiring a gulp of oxygen to finish the drill, most businesses need outside sources of cash for top performance – to purchase equipment, enter new markets, or meet payroll. If you need cash to start or grow, what are the options? Equity investment is […]