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Want to boost your business skills?
Welcome to our free learning center where you will find
- Quick tips
- On-demand training videos
- In-depth how-to guides
- Success stories, and much more.
In this video, you’ll learn how the following affect net profit and cash flow:
0: 25 Business income taxes for “pass-through” entities
1:44 Loan payments – interest and principal
...
If you are not a numbers person, business financial literacy can be daunting.
Here’s a little secret…you use numbers every day.
In fact, this morning, you may have weighed yourself.
Today’s number is 200. By itself, the number 200 lbs does not mean a lot, but when you...
It’s tempting to look at the $106,200 balance and assume everything will fine. This is more than enough to pay the bills on time. The problem is customers do not always pay on time, if ever.
If your AR report looks like this, then you are in good shape. This is an example of a healthy AR...
I don’t know. We’ve never met, but I will help you answer the question. Here are 3 signs your AR balance is too high:
1. You are not able to pay your bills on time.
- This may sound like Captain Obvious but it is common for owners to assume they need to sell more. When the cash flow...
Collecting money is one of the most dreaded aspects of running a business. I would rather scrub my bathroom floor with a toothbrush than pick up the phone and ask a customer to pay a past due invoice. The secret is to have awesome employees on your team and great systems in place. These tips...
Jamie and I bought Brown Heating and Cooling in September 2015. We were eager to implement fresh ideas to help our 55-year-old company spring into the new world of technology and social media.
We hit the ground running.
We implemented new and improved processes but we quickly learned great...
The language of business is numbers and processes, so it makes sense to teach your employees how to speak the language. But, pulling back the curtain and sharing numbers with employees can be scary.
Instead of sharing your balance sheet and income statement with everyone, start with one of these...
Overview
Most employees believe their company’s net profit is 36% when the average across 212 industries is only 6%. Employees don’t know how much it costs to operate a business, because they have never owned a business. Employees rarely know the difference between revenue, profit and...
Overview
The Who’s responsibility is it to __________? training activity is a great way to spark a conversation around a process. Too often employees do not understand how they affect the entire business cycle. It’s your responsibility to teach your team how everyone contributes to...
Overview
The True Cost of Payroll training activity is a great way to teach your employees how to read their pay stub and understand how much cash the company needs to make payroll.
Don’t assume all of your employees understand how to read their pay stub. You’ll be surprised by how...
Video Highlights
1:07 Overview of the Cash Method
3:25 Advantages of the Cash Method
6:04 ...
Unfortunately, this happens more often than you might think. Business owners and managers enjoy watching revenue soar but shift the focus to generating new sales instead of making sure all of the cash generated by the business is used wisely and collected on time.
First, it’s important to...
