On the road to “cashflow positive,” there are many obstacles. I see startups sabotaging themselves all the time. By not really understanding and monitoring your cashflow, you may be inadvertently creating serious cashflow problems. And a serious cashflow problem leads to a failed business…
It’s the most wonderful time of the year for businesses. Why? Because you get to work on your 2013 annual budget. What – that doesn’t put you in a holiday mood?!
Okay, maybe financial planning isn’t as much fun as drinking egg nog, but, for entrepreneurs, it’s an essential practice that will yield far greater rewards.
Often I work with business owners who think their company is in need of a traditional audit. My first question for them is always…why?
In some cases, the high level of assurance of an audit is required and no other substitute will do. Third parties, like investors and lenders, may insist on assurance that the financial statements they are basing their decisions on accurately represent the state of your financial condition.
