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When Is It Time For Your Startup To Stop Relying On In-House Accounting?

YoungUpstarts

Most small businesses use cash accounting because it’s the easiest way to track cash flow. Since transactions are recorded at payment, you can track your cash position without adjusting the dates for your bills or invoices. The post When Is It Time For Your Startup To Stop Relying On In-House Accounting?

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How to Improve Cash Flow

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You can be reporting solid revenue on paper, but unless you have cash in hand, you’re not going to be able to pay your bills. Develop new marketing campaigns to boost sales. If sales are stagnating—or even if they’re not—from time to time, you might want to consider retooling your marketing campaigns.

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How to Run a Productive Monthly Business Plan Review Meeting

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We always spend time drilling into the numbers, beyond the top-line revenue and expenses to better understand what the drivers were behind our performance. Most importantly, we review our cash position and cash flow. But you can always start out with a simple cash flow template in Excel. Or did some underperform?

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9 Things That Tell You To Pivot

YoungUpstarts

Your revenues are declining or you don’t have any revenue at all! Revenues don’t appear overnight; even the greatest success stories had to work hard to start getting traction and growth. Yet if revenues start to decline, or after a few months customers are still leaving you for other solutions, then you may have an issue.

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The Key Elements of the Financial Plan

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It’s a table that lists all of your revenue streams and all of your expenses—typically for a three-month period—and lists at the very bottom the total amount of net profit or loss. A typical profit and loss statement should include: your revenue (also called sales), followed by. how you make money.

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Containing Growth Chaos: Five Things To Do When Your Company Is On The Upswing

YoungUpstarts

But entrepreneurs face other concerns that compete with this growth focus, including hiring, maintaining current revenue sources and distinguishing themselves from the competition. As your business thrives, the providers who support you with banking, marketing and other services should change as your demands change. Manage cash flow.

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10 Things Every Small Business Needs To Do

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Do you depend on supplies that vary in price due to market conditions (fuel for instance)? There are a series of “levers” in your business that will affect your cash position. It was a business doing $20 million in revenue per year that had been around for 20 years. How long does it take them to pay you?