Regularly, we receive requests to have books “investor ready” and we can help you, too. What exactly does investor ready mean? When you're seeking investment in your company, you need to be prepared to answer any and all questions that potential investors might have. You are going to want to share your vision, mission, and strategic plan and you need to present a clean set of financial statements. Here are a few tips on getting your company and financials ready for investors.
Do you ever wonder where your business’ money is going? If not, it’s time to look further. A great way to find out is by using the cash flow statement, or statement of cash flows. Along with the balance sheet and income statement, the cash flow statement will identify where your revenue is coming from and where it’s going.
The current economic environment has been challenging for all business, particularly small business. To that end, it’s important to know your Burn Rate and adjust spending accordingly.
You may have heard people talking about scenario planning given the current state of the business environment. Should you be scenario planning? Before deciding whether you should, or should not, allow me to explain what it is.
Dentists have limited control over when insurance companies issue payments, or the speed at which patients pay out-of-pocket amounts. Yet their loan payments for expensive equipment and salaries for their staff are constant. To that end, cash flow is a major priority. There are several things to consider when analyzing cash flow, they are:
