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Working Capital – The Fuel For Your Business
Growing businesses often run out of cash, regardless of reporting a profit for the same period. Have you ever found yourself in this predicament? The hard truth is that you can grow yourself right out of business by not understanding this concept. Growth takes capital, and knowing how much it will take is critical to…
You Win by Not Losing
A thought we often share with our outsourced chief financial officer clients is that you win by not losing. While simple in form this holds a deeper meaning for many contractors fighting the seasonality of the Pacific Northwest. These companies are accustomed to low profitability and losses from late November to early March. Five months…
Traits of a Business Leader – Creative
Effective business leaders make things happen. One of the attributes they possess is creativity, which is often seen in their ability to solve problems. Most of the time creativity is thought of as making something out of nothing. My observation is that the most common creativity emerges from identifying a problem, and assembling solutions from…
Performance Reviews – Aligning your People
December might be the most important month of the year. Amidst all of the priorities you juggle during the year, employee performance reviews and goal setting may be the most critical to your business success. December is a perfect time for this as you end the current year with reflections on the past, and look…
View Your Business As An Investment
I observe business owners making decisions in their company differently than how they treat their investments in the stock market. My observations are proven to be fact when I ask these owners which is more risky, your stock investments or your business. More often than not, the answer they provide is that their stock investments…
Reading the Farm’s Dashboard
Some years you make money; some years you don’t – that’s the nature of agriculture, right? Not so, says Nate Riggan, certified public accountant and owner of Pointguard Financial. Riggan’s firm serves as outsourced chief financial officers for businesses. He says while there are challenges common to all businessmen, with the same set of challenges…
