Financial Management

In today’s tough economy, the availability of business credit remains tight. Financial institutions are cautious and highly skeptical of new lending requests. In addition to increased scrutiny regarding new relationships, bankers are also increasingly turning their focus to existing customers. With little or no notice, lenders are closing business credit lines or reducing the amount […]

Source: Nick Hammerschlag The four key elements of successful financial modeling are: simplicity, flexibility, improvisation, and an underlying economic model! Creating a basic financial model does not have to be a daunting task, though it can often turn into one. I can’t count the number of business models I’ve received from companies that are utterly

Regardless of the economy, there will always be customers who don’t pay their bills on time. Your efforts are complicated by your unique relationships with customers and the responses they have to different collection strategies. To improve results, consider customizing guidelines for each account. These guidelines help your billing department balance its collection efforts with

Introduction This post aims to help startup CEOs optimize their funding strategy by examining how investors value startups, and explaining how to avoid the common cash management pitfalls. Source: David Skok, serial entrepreneur and venture capitalist (Note: The concepts in this post will likely be obvious to experienced CEOs and entrepreneurs. Despite that, our experience

The most important factor in the prevention and/or detection of fraud for a small business is cost efficient control. The tone at the top must be set. As an owner you should express your views to employees that fraud, in any form, is not acceptable. Here are a few suggestions to aid in this mission:

Transfer pricing continues to be one of the most important matters facing multinational companies. The tax situation in any given country can affect whether or not your business sets up facilities or holds intellectual property ownership there. The IRS and numerous tax authorities worldwide are intensifying their focus on how corporations allocate income and expenses

Doing pricing well means developing a price model that balances your financial and strategic needs with those of your customers within the markets you serve. Pricing is about more than just a “number.” Getting the pricing model right is all about the price structure and details. The problem is that too many companies work on

Twiddling with Twitter? Futzing with Facebook? Time spent online is money. So make sure it’s paying off. Though his resume is quite impressive, Alex Garcia really has no business owning Emerson Salon. A wildly popular beauty and barbershop in Seattle’s well-to-do Capitol Hill neighborhood, Emerson rarely has an empty chair or unfilled appointment–even though Garcia,

Check fraud costs individuals, businesses and financial institutions as much as $50 billion annually, according to a recent estimate. Forged checks have always been a problem. However, inexpensive laser printers and check quality paper that is easily accessible makes check fraud more of a problem today than ever before. At the same time, checks continue

Managing your cash flow effectively requires close attention, just like managing the rest of your business. The good news is that a little attention can go a long way towards improving your overall cash position, but it requires “changing” the way you look at some of your operating processes. Here are a few suggestions that