Se ha denunciado esta presentación.
Utilizamos tu perfil de LinkedIn y tus datos de actividad para personalizar los anuncios y mostrarte publicidad más relevante. Puedes cambiar tus preferencias de publicidad en cualquier momento.

When Cash Is Slow: How To Survive Without A Profit

411 visualizaciones

Publicado el

Learn tips and strategies to increase income and improve cash flow.

Publicado en: Economía y finanzas
  • Was a little hesitant about using ⇒⇒⇒WRITE-MY-PAPER.net ⇐⇐⇐ at first, but am very happy that I did. The writer was able to write my paper by the deadline and it was very well written. So guys don’t hesitate to use it.
       Responder 
    ¿Estás seguro?    No
    Tu mensaje aparecerá aquí
  • Sé el primero en recomendar esto

When Cash Is Slow: How To Survive Without A Profit

  1. 1. When Cash Is Slow: How To Survive Without A Profit Bernadette M. Johnson-Hairl President/CEO By The Book Accounting, Inc.
  2. 2. Cash Flow is……. <ul><li>the life blood of every business </li></ul><ul><li>Those that have it LIVE…..those that don’t DIE! (that’s another workshop…..”Why Businesses Fail……”) </li></ul>
  3. 3. Problems: <ul><li>Sales </li></ul><ul><ul><li>Too low </li></ul></ul><ul><ul><li>Wrong Clients </li></ul></ul><ul><ul><li>Wrong Prices </li></ul></ul><ul><ul><li>Not Enough Clients </li></ul></ul>
  4. 4. Problems: <ul><li>Receivables </li></ul><ul><ul><li>Too high </li></ul></ul><ul><ul><li>Inadequate payment methods </li></ul></ul><ul><li>Expenses </li></ul><ul><ul><li>Inadequate (or non-existent) records </li></ul></ul><ul><ul><li>Too high </li></ul></ul><ul><ul><li>Budget not monitored (or non-existent) </li></ul></ul>
  5. 5. Solutions: <ul><li>Sales: </li></ul><ul><ul><li>Increases Sales </li></ul></ul><ul><ul><ul><li>Ask for referrals </li></ul></ul></ul><ul><ul><ul><li>Cross sell to existing clients </li></ul></ul></ul><ul><ul><ul><li>Cross market with other businesses </li></ul></ul></ul><ul><ul><li>Right clients </li></ul></ul><ul><ul><ul><li>Redefine your target market </li></ul></ul></ul><ul><ul><ul><li>Use the appropriate medium </li></ul></ul></ul>
  6. 6. Solutions <ul><ul><li>Right prices </li></ul></ul><ul><ul><ul><li>Consider ALL cost of each job </li></ul></ul></ul><ul><ul><ul><li>Factor in the value of your time </li></ul></ul></ul><ul><ul><ul><li>Premium Service = Premium Price </li></ul></ul></ul><ul><ul><li>More Clients </li></ul></ul><ul><ul><ul><li>Diversify client bases </li></ul></ul></ul><ul><ul><ul><li>Market to your niche (less is more) </li></ul></ul></ul>
  7. 7. Solutions <ul><li>Receivables </li></ul><ul><ul><li>Extend credit sparingly </li></ul></ul><ul><ul><li>Collect sooner </li></ul></ul><ul><ul><ul><li>Formalize the billing process </li></ul></ul></ul><ul><ul><ul><ul><li>Send invoices with products </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Decrease payment terms </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Make “courtesy” calls </li></ul></ul></ul></ul><ul><ul><ul><li>Formalize collection process </li></ul></ul></ul><ul><ul><ul><ul><li>Send statements </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Send letters </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Hire a collection agency </li></ul></ul></ul></ul>
  8. 8. Solutions <ul><li>Expenses </li></ul><ul><ul><li>Keep good records (use software) </li></ul></ul><ul><ul><li>Eliminate unnecessary (or unjustifiable) cost </li></ul></ul><ul><ul><li>Do monthly, quarterly and annual cash budgets </li></ul></ul>
  9. 9. Contact Us <ul><li>By The Book Accounting, Inc </li></ul><ul><li>2330 Scenic Highway S, Suite 304 </li></ul><ul><li>Snellville, GA 30078 </li></ul><ul><li>400 Perimeter Center Terrace, NE, Suite 900 </li></ul><ul><li>Atlanta, GA 30346 </li></ul><ul><li>Office: 678-608-2775 </li></ul><ul><li>Fax: 404-420-2861 </li></ul><ul><li>www.bythebookaccounting.com </li></ul><ul><li>www.bernadettespeaks.com </li></ul>

×