Planning

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How well have you figured out the 4Ms of business?

By Anna Masker In standard9th January, 2011

For any business to be successful, they need to have a good plan looking at the 4Ms of business: Money. Do you have enough money so that your business is paying its own bills? Or does the owner or investors need to sink their funds into the business to keep it afloat? If you are

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Your most important information may not be in QuickBooks

By Anna Masker In standard10th November, 2010

If you are puzzled by your profitability, looking at your P&L will give you only part of your answer. If you are trying to figure out why you are not making any more money even though your sales are increasing, or if your bottom line hasn’t moved from the last few years, here are some

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Finding Funds in the Credit Crunch

By Anna Masker In standard2nd July, 2009

Will you have enough funds to take advantage of the economic upturn? Despite “green shoots” of economic recovery, one problem still persists for many small businesses: access to credit. For those businesses battered by the recession, cash can be hard to come by to fund day-to-day operations, let alone expansion. We’ve come up with a

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Webinar: “Three #s That Drive Your Business”

By Anna Masker In standard23rd June, 2009

If you want to use your numbers to help you manage your business but don’t have the time to pour over pages of reports to figure it which ones to use– this seminar is for you. We’ve come up with three simple numbers that drive every business’ money-making engine. These numbers are easy to find and

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What’s your Plan B?

By Anna Masker In standard11th May, 2009

Inc. Magazine had a great interview with Jack Stack, CEO of SRC Holdings and author of the book The Great Game of Business. SRC Holdings is managing well even in this environment—chalk it up to Stack’s constant paranoia and always having a Plan B. Here’s how to develop a Plan B: Be paranoid. Stack is

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Where did all my money go? Having a cash plan

By Anna Masker In standard29th January, 2009

The single most important financial step that business owners must take in 2009 is having a cash plan, also known as a cash flow forecast. Why should you go the extra step and forecast your bank balance? One word– LIQUIDITY. Never in recent history has cash been so tight for businesses. Between late-paying customers, banks

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And they’re off! Setting your strategy for 2009

By Anna Masker In standard7th January, 2009

The beginning of the new year always makes me think of the the start the Kentucky Derby. Some horses eagerly line up, others cajoled, and others are pushed into the starting gates. You can feel the energy and anticipation in the air as the final gate closes behind the last horse. Everyone holds their breath

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Play defense with a good offense

By Anna Masker In standard22nd December, 2008

I am not a huge football fan, much to my husband’s dismay, but I do follow Peyton Manning, quarterback of the Colts. If you have ever watched Peyton play, then you know that he studies the formation of the defensive team and adjusts his plays accordingly, often seconds before the ball is snapped. Similarly, as

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Have a plan

By Anna Masker In standard19th December, 2008

When shopping for some outdoor furniture, I received a recommendation to go to a particular store. When I arrived, I walked into the shabby retail location feeling very unimpressed. However, after speaking with the business owner I found that his retail location resulted in only a mere fraction of his sales and that the majority

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