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Companies fail for a lot of reasons, but financial mismanagement is generally at the top of the list. Here are five reasons why firms bite the dust, and how to avoid making a business mistake: Business Mistake #1 Revenue – or Rather, Quality of Revenue. Many entrepreneurs – if not most – have a sales…

In our quest for business excellence we understand the significance of improving financial performance. In this guide, we examine five strategies that can enhance your financial performance, providing you with actionable insights and valuable information. From budgeting and forecasting, to data analysis and risk management, we’ve got you covered. 1. Effective Budgeting for Financial Success…

In the world of business and finance, effective working capital management is the cornerstone of sustainable success. It’s a critical aspect that every organization, irrespective of its size or industry, must master. In this comprehensive guide, we will delve deep into the challenges associated with working capital management and explore how efficient management practices can…

How does a company monitor and measure its financial goals and performance? Generally the answer to this question is through its financial statements. However, monthly financial statements are not enough once your business becomes large in size. There is too much going on within the business that impacts cash and will need to be tracked…

3 Pillars of Financial Management – Introduction Well managed companies employ many tools to optimize financial performance, some of which can be very sophisticated. However, most of these fall within the basic “blocking and tackling” of financial management. Invariably, entities that underperform or experience fraud or some other impropriety will have failed in at least…

Business Investment Analysis – Preface It is a sales axiom that people buy things based on emotion and seek out facts to justify their decision. I wish I could say that the axiom were true ONLY for personal decisions, but my experience has shown that it is frequently true in the business realm as well. Perhaps…

Net Working Capital – Introduction Working capital (also known as net working capital) is a financial metric which represents the amount of day-by-day operating liquidity available to a business. It is calculated as current assets minus current liabilities. A company can be endowed with assets and profitability, but short of liquidity, if these assets cannot…

In the world of finance and accounting, the ability to dissect and analyze financial statements is paramount. Effective financial statement analysis empowers businesses, investors, and financial professionals to make informed decisions, mitigate risks, and optimize financial performance. In this guide, we’ll delve deep into some key financial ratios, unveiling their significance and providing you with…

Theft – Introduction A quick perusal of statistics coming out of this recession has been the rise in employee theft. From petty cash misappropriations to stock shrinkage, employee time theft is on the rise. A study published by the Chubb Group of Insurance Cos. found that executives at 60 percent of the companies surveyed expect employees may…