by Patty Lawrence | Budget & Forecasting, Cash Flow, Profitability
Do you ever feel like you’re so busy in your business, but after everything is said and done, there’s no money left to pay yourself? That’s exactly how Renaldo felt. As the owner of a small service business, he was known by everyone around him as a success. He was...
by Patty Lawrence | Budget & Forecasting, Business Management, Uncategorized
Does your bookkeeper give you a huge report dumped from your accounting software for your monthly recap? (It’s like a data vomit.) When you ask a question about this month’s financial performance, do you receive a shrug of shoulders, an “I don’t know,” or a blank...
by Patty Lawrence | Budget & Forecasting, Business Management, Uncategorized
Does your bookkeeper give you a huge report dumped from your accounting software for your monthly recap? (It’s like a data vomit.) When you ask a question about this month’s financial performance, do you receive a shrug of shoulders, an “I don’t know,” or a blank...
by Patty Lawrence | Budget & Forecasting, Business Management, Financial Analysis, Financial Processes, Profitability, Uncategorized
Your banker is your friend. But a lot of entrepreneurs don’t think that. They think the bank is their enemy, and they need to bribe their enemy or do something to gain their favor so they’ll work for them. Recently, I was teaching an audience of small and mid-sized...
by Patty Lawrence | Budget & Forecasting, Business Management, Cash Flow, Uncategorized
Are you a fast-growth company struggling with cash flow (or wanting to avoid a future cash flow problem)? What some people don’t understand is that you CAN grow yourself out of cash. It’s true: cash can go down when sales go up. As you grow, especially at a fast pace,...
by Patty Lawrence | Budget & Forecasting, Business Management, Cash Flow, Uncategorized
My team was brought in to help a fast-growth company in the construction industry that was getting ready to crash and burn. They knew they had a major issue when they were getting ready to process payroll every other week and kept realizing they didn’t have sufficient...
