Category:
Financial Management
http://www.mcqw.com/paying-on-time-pays-off/
The downfall of many small businesses is debt racked up by not paying bills on time. To avoid becoming a fatality, the general rule of thumb is to refrain from making unrealistic or impossible promises. You will find that your clients and vendors will follow suit, creating strong relationships that will keep your firm afloat [...]
http://www.mcqw.com/how-to-get-hold-of-cash-quickly/
“Liquidity” was a term little known to the non-financial world until two years ago when the Global Financial Crisis sucked the liquidity out of the world’s money markets. For small firms the crisis meant an end to cheap loans from banks, creating another crisis on its own. Small businesses rarely have a monetary buffer large [...]
http://www.mcqw.com/handing-over-the-family-business/
According to the Small Business Administration in the USA, only a third of family-run firms make it to the second generation. What are the strategies to ensuring your firm is one of those that survive? The key is succession planning. Succession planning can limit dissemination and downfall, and can be a simple step-by-step process that [...]
http://www.mcqw.com/how-to-keep-the-cash-rolling-in/
Cash flow, as they say, is the lifeblood of any firm. It does not matter whether you are making thousands of cars a year or selling lemonade to neighbors, if you are stuck waiting for payment from clients, then you cannot pay your suppliers for the next batch of products to sell. “Here are 10 [...]
http://www.mcqw.com/how-to-buy-a-business/
Buying a business is easier than building one yourself but it has its own challenges. Despite the fact that buying is a more expensive proposition than building, banks will see it as a safer option because they can look at the business’s track record as a guarantee for future earnings to pay them back their [...]
http://www.mcqw.com/2010-is-over%e2%80%a6-what-do-i-do-now/
PAYROLL The first thing you want to finalize for 2010 is your payroll. In addition to your usual payroll quarterlies (941, State Unemployment, and Labor & Industries) you must also file forms W-2 for all of your employees (with the corresponding W-3 – the total of the W-2s) and also Form 940 – Federal Unemployment [...]
http://www.mcqw.com/alternative-finance-products-%e2%80%93-can-they-help-you/
With the amount of available credit shrinking in recent times and financial institutions raising lending standards, more businesses are turning to alternative forms of finance to cover cash flow shortages and grow their businesses. Asset-based lending, factoring, invoice discounting, and merchant cash advances are a few alternative forms of finance that are becoming more popular. [...]
http://www.mcqw.com/help-i-need-help/
One of the biggest challenges faced by most businesses is sourcing help in a reliable, timely and affordable way. It’s neither practical nor desirable – and often not even possible – to employ people with the expertise in all the areas your business needs. At the same time you need to operate in a professional [...]
http://www.mcqw.com/getting-on-top-of-business-forecasting/
The way to remain on top of your business in this climate is to plan, but the days of the three to five year plans are over. Instead focus on the next 18 to 24 months with lots of scenario planning and stress testing. Build scenarios Create a forecast for the next 18 months to [...]
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