Wednesday, December 2, 2009 at 12:23PM In today’s economy, it’s quite common as a business owner to find yourself strapped for cash. The drop in consumer spending and the fickle stock market has people and businesses nervous and conservative about spending at all levels. When business isn’t as predictable as it once was the availability of cash flow can be limited.
Friday, March 13, 2009 at 11:23AM If you own a business that collects a substantial down payment on projects upfront and the remainder in progress payments or at project completion, you need to understand the "Insidious Down Payment". At the risk of stating the obvious, businesses make money in the following way: Revenue-Cost of Goods Sold=Gross Profit-Fixed Costs-Net Profits. In other words, the gross profit generated by a sale or project is used to pay fixed costs and produce a net profit.
