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...

Revenue, profit and cash are all needed to operate a healthy business. But they are very different numbers and tell different stories about your operations.

In the perfect world, your Revenue, Profit and Cash balance will grow at the same rate. Unfortunately, it’s common for businesses to...

It depends.

If your business is a C Corporation, then the answer is easy – Yes. The company pays income taxes directly to the IRS and state. The business will issue a check made payable to the IRS for the amount shown on the business tax return – IRS Form 1120.

For all other...

Easy…invest more time in your hiring process.

I get it… it’s difficult to find great candidates so the thought of slowing down your hiring process may feel scary.

The reality is you’ll invest the time one way or another…either on the front end to ensure you hire...