The 5 C’s of Finance: Business Loans

When you go to a bank or financial lending institution there are 5 key things they will take into consideration before approving a loan. These “5 Cs” apply to both personal and business loans. Since the bank or lending institution are in business to make money, they take these 5 things very seriously and you […]

Business Cash Flow Dropping? The Difference Between Financial and Operational Difficulties

It’s important to understand the difference between operational difficulties and financial difficulties and to determine which is the primary source of any downward trend in business cash flow. If your company is encountering financial difficulty or serious operational issues that could quickly lead to financial difficulty, pay attention. There’s a critical difference between the two. An interim CFO may be able to […]

Zero based budgeting

The concept of zero based budgeting was introduced in 1960. The concept was initially used for some government and business organizations and more recently has increased attention. Zero based budgeting is a budget-planning procedure for the reevaluation of an organization’s program and expenditures.  It requires each manager to justify the entire budget request in […]

How to manage your bottom line for cash flow?

In the world we now live in, financial health requires a commitment to proven retail business fundamentals, a commitment to operational discipline, and a heightened attention to detail. When economic conditions were more favorable, it might have been possible to consistently generate positive cash flow without this commitment to core retail fundamentals, operational discipline and […]