Control Your Expenses!

Apr 30, 2019 5:28:40 PM

There is simply one rule to live by in small business if you want to stay in business:  The change in your operating expenses should mirror the change in your gross profit.  This is typically called expense control.  However, it should be called the essential function of a business.  It’s essential because without it your company will die.

By Mike Milan

5 ways you can be surprised by your cash flow

Feb 20, 2019 4:24:38 PM

Surprises by definition aren’t things you think would happen.  I love being surprised when it’s my birthday or even a random Wednesday, but its never a good thing to be surprised by a sudden cash flow problem in your business. 

By Mike Milan

Cash Matters - Why every business must focus on cash flow

Jan 22, 2019 2:09:56 PM

The truth is – money is rarely the top motivator of the entrepreneur. There is always a passion behind the action of the person willing to step out on his/her own.

By Mike Milan

Demystifying Cash Ratios

Jan 22, 2019 12:33:34 PM

Inside CashFlowTool, there are several different ratios and dollar amounts that measure all aspects of how your company generates, uses and how much your company has and needs cash.

Do you know what they are and how to use them?  

By Mike Milan

Sales, Profit or Cash?  What is the TOP priority?

Dec 17, 2018 2:41:10 PM

In order to make your mark in the business world, you must find your unique value proposition.  Often it comes in the form of innovation, as it did for Dell’s founder and CEO, Michael Dell. 

By Mike Milan

Don't Grow Broke!

Nov 15, 2018 3:09:28 PM

Growing broke. This concept rarely, if ever, comes to mind as business owners begin to grow their business. Yet it is possible that if you are growing too fast, you may in fact run out of cash. Could this happen to you? It could, but we want to give you some insights on how to prevent this from happening in your business.

By Mike Milan

Working Capital Cycle

Nov 13, 2018 11:16:37 AM

Cash Flow is something everyone talks about, but few people really understand, especially when you get into the details of what drives cash flow. In this episode Mike and I are going to dig into the Working Capital Cycle, but first we wanted to mention some important resources.

By Mike Milan

Why Cash Flow is More Important Than Profit

Nov 13, 2018 11:04:07 AM

I was recently asked, “Why the emphasis on cash flow?” I gave the example of real estate and how highly leveraged businesses can look profitable, but still go out of business. My friend pressed on saying that he gets it in that context, but in all business?

By Mike Milan