Business owners and leaders often don’t understand cash flow, let alone manage it. The numbers can be so complicated that they almost serve no value to the business owner to run the business. Read this article to understand why it’s important to understand cash flow.
Every business will benefit from practical ways to improve cash flow. More money in the bank means more opportunities to grow your business. Read this article for practical tips to improve cash flow.
The cash conversion cycle (CCC) is a metric that expresses the number of days it takes for a company to convert its investments in inventory and other resources, into cash flow, from sales. Read this article to understand more of the basics of the cash conversion cycle.
Not only are checklists useful in daily life, but checklists are also extremely helpful in business. Once you’ve identified and mapped the processes in your organization, you can bring them to life through checklists. Checklists are valuable for key parts of the 4 to 9 processes that drive the business, and help ensure that the right things happen.
When a business gets above 50 employees, the organizational structure should be designed to align teams around projects, product groups, industry segments, and geographical regions. This is the start of what is commonly called a matrix organizational structure.
The Core Purpose of your organization gives ‘heart’ to your company. It answers the question “WHY are we in business”. And the answer is more than that of making money.
