Cash Flow: the Number One Challenge for Growing Small Businesses
Regardless of company size, cash flow and cash will always be among the most critical elements to keep an eye on for any company trying to grow. More small businesses get into trouble due to cash than any other reason.
How Leaders Become Great
Why is leadership an important concept for us to consider? The answer is likely obvious to those of you leading an organization or who are part of a company leadership team. Strong leadership generates quantifiable financial results—revenue growth, profitability, cash flow, customer satisfaction—and qualitative people results, like talent attraction & retention or employee engagement, not to mention your personal satisfaction as a leader.
Five Most Critical Financial Metrics to Growing Small Businesses
As a small business grows it is important to look at key financial metrics not so much to tell you what has happened but rather to give early indications of where things are changing. These metrics allow the leader to better prepare for upcoming changes in the business or unplanned events and set the right expectations for all stakeholders: customers, employees, and investors.