In today's economic and business environment, cash is king. The critical importance of cash in businesses continues to rise. One just has to read the news to see cash highlighted on a daily basis in relation to several high profile companies - GM, Chrysler, MGM Mirage, GE Capital etc. [...]
Businesses continue to cut back as the economy continues to worsen - seemingly every day. Cutting costs in a reasonable and smart manner is required; however, cost cutting alone rarely achieves success. As one of my mentors used to say, the best problem to have is a cost problem [...]
Businesses should always look for ways to increase cash flow. Here are a few ideas to pursue: It's not what you make; it's what you keep: As obvious as this sounds, it is easy to get caught up in the opposite of what will increase your cash flow - [...]
You wouldn’t think so from the way companies are hoarding cash; however, in general, they have a stockpile of cash and remain leery to spend it. Last year, there was a 2% decrease in days working capital (DWC), according to CFO Magazine.
Published in "Project Times" website, February, 2011 Click here for original article. As the stock market continues to climb and sales figures are strong, it is apparent we are in a recovery. Regardless of whether the recovery lasts for 1 month, 1 quarter, 1 year or longer, the opportunity [...]
