Dawn Fotopulos joins Jim Blasingame to say that if you don’t manage your business with regular financial statements, your business is in jeopardy of a train wreck from many sources every day.
Dawn Fotopulos joins Jim Blasingame to reveal the power you will accrue when you start operating your business with cash flow and gross profit, and net profit goals.
Dawn Fotopulos join Jim Blasingame to reveal the imperative of knowing the gross margins of your business – products, groups and total – as the only way to know if you’re running your business successfully.
Dawn Fotopulos join Jim Blasingame to recommend you meet with your CPA and do year-end tax planning, especially in the area of what expenses to pay before year-end, and what accounts receivable to make sure you collect.
Dawn Fotopulos join Jim Blasingame to encourage you to know how much profit any particular customer is delivering for you, and how to fix or fire any customer that’s a poor profit performer.
Dawn Fotopulos joins Jim Blasingame to report on research that shows a high percentage of small businesses have less than 30 days of cash reserves, and what she thinks is causing this.
Dawn Fotopulos joins Jim Blasingame to reveal several practices that will help you incentivize customers to pay you on time, including billing on a regular monthly cycle, and staying close to late payers.
Dawn Fotopulos joins Jim Blasingame to reveal four important cash flow steps: invoice on time, know who pays best, stay on top of A/R, and bill consistently.
Dawn Fotopulos joins Jim Blasingame to reveal some of the examples where DIY accounting software doesn’t fit the business requirement, and in fact, could be holding you back.
Dawn Fotopulos joins Jim Blasingame to give examples of when DIY – or idiot proof – accounting software has not been the right solution or strategic decision.