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5 steps to understanding your costs
coming soon
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6 steps to create your company’s financial plan
Your financial plan should act as an early warning system A financial plan is different from your financial statements. Instead of looking at what’s already happened, you make projections for the coming months, forecasting income and outlays. Your projections will act as an early warning system, helping you to plan for cash flow dips, identify…
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5 tips to manage your cash flow
A cash flow projection for the coming year is like an early warning system Cash is king—it’s a common saying in the business world. But surprisingly few entrepreneurs take steps to manage their cash flow so that they don’t wind up with an empty bank account and nothing with which to pay the bills. The…
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7 tips for reducing expenses in your business
Maintaining tight control over both fixed and variable expenses is an essential part of maximizing cash flow and profits in your business. There are a variety of tactics entrepreneurs can employ to rein in expenses and prepare for unforeseen costs that crop up over the course of the year. BDC Client Partner John Brison offers several suggestions to…
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How to measure your profits
Measuring your profits isn’t just important for reporting or tax purposes. It’s also vital for good decision-making. Doing it right will give you insights about how to optimize prices, which product lines to focus on or drop and how to better run your company. Unfortunately, many entrepreneurs have a poor handle on their company’s finances…