CFO PROGRAM

*(CASH FLOW OPTIMIZATION)*
Tax “season” is over, it’s time no w for small business owners to review
their balance sheets and find opportunities to improve the life blood of
their business; cash flow.*
A business owner should understand the business situation. This seems
like a simple statement, however*cash flow is THE essential aspect of
any business and its future success. A business owner needs a full
picture of the factors that will impact cash flow. Some of those factors
include sales volume, payment terms, and business expenses.*
The only thing that is constant in business is change. A business owner
must be prepared for change.*Your cash flow projection is something that
will constantly evolve. Keep your accounting records up to date and
create cash flow reports frequently to see what the impact of the
changes could be. Whether you are expecting your cash flow to grow or
shrink, knowing any change in projected cash flow gives you the time to
create a financial strategy.*
Identify cash flow killers. *Every business is going to have expenses,
but there are methods to keep them under control. Regularly review your
expenses and suppliers to look for ways to lower costs.
Look for and take advantage of any cash flow “enhancers”. This might
include loyalty credit cards that reward you for your everyday business
transactions like purchasing office supplies, entertaining clients at
restaurants and filling up at the gas station. Even small savings can
add up to a large cash reward at the end of the year that you can
reinvest into your company.*
Again, a simple statement, but look at and control unnecessary expenses.
*An example might be if you travel for business and rent a car instead
of taking the rental car insurance does your company credit card offer
those same insurance benefits which would include travel insurance and
rental car collision.
At Premiere Business Services, our “CFO” (Cash Flow Optimization)
program addresses all of these and much much more. If you want to learn
more, give us a call.