Category: Season 2 Finance

Introduction
Lean thinking is increasingly being applied beyond the operations in many companies, there sometimes does seem to be some problems implementing to the sales and marketing teams. My guess is that there is a reluctance of sales managers to view what they do as ‘processes’, they are in the business of relationships. Lean is more for the operations end of the business. But when you think about it, the whole idea of providing value to the customer should be of the utmost concern to the sales and marketing team.
Have a great business week.

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Episode A2.008 Cashflow

31/8/2020

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Introduction

The old saying that cash is king' is never more accurate than when dealing with a startup.

When you first start a new business, it can feel overwhelming as you are surrounded by a multitude of things to do which includes all the back end operations, sales, marketing … you know what I am talking about here. Many times Cash flow takes a back seat .. which can be the biggest mistake and one of the causes of small business startup failures.

Cash Flow or what is commonly referred to as Working Capital is the heart of any business,” “Without it a business cannot survive.

As a startup, understand that a cash flow statement is a mandatory statement that records cash and cash equivalents that are coming in and leaving the company. The key function of the CFS is to let investors and lenders take a look at how your company's finances are being managed and where your cash is coming from.

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Episode A1.008 Record Keeping Basics (Monthly, Quarterly, Annual schedule)

31/8/2020

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Introduction
As a startup in the dream phase, your business is as strong as its foundation. Record Keeping is one of the most important aspects of that foundation. Using a series of monthly, quarterly and annual reports can allow you to create a dashboard that will guide your business through whatever the world has to offer.

My guest today is Wayne Coughenour, of My Tax Pilot. Contact Wayne and his team by phone 804-740-6742, or via his website: https://www.mytaxpilot.com.

Have a great business week.

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