by Lea Strickland | Jul 31, 2014 | Budgets and Financial Tools, Business Articles, Business Growth, Business Management, Cash Management, Entrepreneur, Non-Profit, Small Business, Small Business, Start-up
What do I do about customers who consistently pay late? Why does it seem that the money flows out faster than it flows in? These are significant questions for every business. Managing the cash flow is critical to a business’s viability. The cash flow equation...
by Lea Strickland | Jul 31, 2014 | Business Articles, Business Growth, Business Management, Change Management, Competitiveness, Entrepreneur, Execution, Leadership, Non-Profit, Perspectives, Small Business, Start-up
Every task requires the right tools. Building a successful business is a task like no other. It requires a comprehensive set of tools which fit the task. Using one tool when another is required often leads to unanticipated consequences. Having the right tool...
by Lea Strickland | Jul 31, 2014 | Budgets and Financial Tools, Business Articles, Business Growth, Business Management, Business Plans, Non-Profit, Small Business
When we think of a business, we must think in terms of activities that produce resources and those that use resources. Everyone and everything in the organization is engaged in creating or consuming resources, or in some instances both. People who are paid for their...
by Lea Strickland | Jul 30, 2014 | Budgets and Financial Tools, Business Articles, Business Growth, Business Management, Results, Small Business, Start-up
For many people, just looking at a column of numbers, dealing with a tax return or even balancing a checkbook brings on immediate and significant stress. Numbers, accounting and finance—egads! Even the thought of all of these numbers gives me flashbacks to the...
by Lea Strickland | Mar 16, 2011 | Glossary
A performance measurement accounting method that focuses on the rate that money is generated (throughput); the amount of money held in the system (inventory) and the amount of money needed to keep the system generating money (operating expenses).
