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Focus on the Fundamentals of Your Business
Here’s one thing about a recession or economic downturn that most people don’t think of: It forces most business owners to focus like a laser on the fundamentals of their business, especially their business finances. When the good times are rollin’, it can be easy to let the financial side of things slip a little. But when times get tough and sales start slowing down, most companies find it beneficial to go back to the basics of sound financial management. Here are five key areas you might want to go back and reexamine if you haven’t lately.
Cash is King
In small companies, managing cash is critical. Not managing cash is one of the primary reasons that small companies fail, even when they may be making a profit
Too Much Inventory
Critically managing all your inventory is critical to long term success. You may be surprised at what I classify as inventory.
Understand Your P & L
While cash flow is the most critical financial measure for small businesses, it is imperative that the P & L us fully understood
To Be Self-Employed or Not To Be Self-Employed
Being self employed is not for everyone. Before you head out to "be your own boss" you might want to consider if being self employed is right for you.
Active Duty or Retired Military (Or Dependents) Owning a Business
Military people and their dependents have a tough time owning a business because they move so often. There are answers to this challenge all based around OPM (Other People's Money) and the Internet.
Retail Matrix - Part II
Previously, I have talked about Retail Metrics and the importance of Key Performance Indicators (KPI's) in running your business. Let's take a closer look at how analyzing your inventory performance on a regular basis can keep your business on track.

Cash Flow Management- The Most Important Survival Tool for a Small Business
What do you think is the most important life blood of a business? Is it profit, sales growth, or customer loyalty? You can have all three and still go out of business if you do not have the one thing all companies need to live; which is cash!
Retail Metrics: Key Performance Indicators ( KPI’s) – Turn
This article covers Key Performance Indicators that you can use to better manage your retail store with. Specifically highlighting Turn: how to understand the reports you get from your POS system, what to do with them and using them to make better business decisions.
8 Tips to Tune Up Your Business
A business service adviser can help your business run smooth and avoid future breakdowns. Whether it's preventive maintenance or a major repair, get an expert to fix it right the first time. Here are 8 tips to perform a business tune up.
5 Financial Mistakes That Can Put You Out of Business -- And How to Avoid Them
Don't make these deadly mistakes; they can cost you your company. In this economy, you need to be even more careful.
Asset Based Lending
A new revitalization of an old lending practice.
Moments: The Secret of Life (Your Inventory)
So let’s put Moments to work for you! The Moments tool helps build your time through a continuous two-part process. The first part is taking an inventory of defining significant and simple moments for your past and present. The second is consciously trying to invest into your collection of moments every day. Let’s start with your inventory.

Moments: The Secret of Life (Your Inventory)
So let’s put Moments to work for you! The Moments tool helps build your time through a continuous two-part process. The first part is taking an inventory of defining significant and simple moments for your past and present. The second is consciously trying to invest into your collection of moments every day. Let’s start with your inventory.

Work with Distressed or Failing Businesses
When a business owner feels like he’s sinking in quicksand that’s when it’s critical to stop and gain perspective with an expert. Here’s some things that can be done.
Asset Liquidation
Before you terminate your lease, sell a key piece of equipment, or disconnect your utilities, make sure you review this liquidation sale checklist.

Other inventory Related Articles

How to Shape Up the Inventory when you have 5000+ SKU’s
The goal: NO EXCESS INVENTORY These days, independent retailers cannot afford one piece of excess inventory. Storage costs, insurance, pilferage, damage, depreciation, taxes and interest on loans add up to 30 percent annually to the cost of the goods you carry. Because those costs continue to rise, tight inventory control is still one of the best investments you can make - especially during the buying season.
Too Much Inventory
Critically managing all your inventory is critical to long term success. You may be surprised at what I classify as inventory.
Track Inventory in QuickBooks?
The new "EZ Analytics for Inventory" add-on may be the perfect fit for providing the inventory information QuickBooks can't. Read on...
Inventory Financing & Purchase Order Financing in Canada
Information on inventory and purchase order financing in Canada. How Canadian business owners can finance new orders, inventory and large contracts .

Inventory Financing as a Working Capital Solution
Why an Inventory Finance Solution can be a Competitive Edge . Information on why Canadian business owners should focus on a specialized inventory financing solution for their firm when inventory plays a key role in your working capital mix .

Inventory Loans – Financing Inventory Assets
A inventory financing Strategy for Canadian Business -Information on inventory loans and inventory financing in Canada . Why inventory financing is a key component to working capital and profit growth.
Inventory Finance – Working Capital from an Inventory Loan
Information on Inventory Financing in Canada ;Information on how to view inventory finance in the context of obtaining a separate inventory loan, or a financing which includes inventory as a working capital component .

A Different Solution for Business Inventory Financing
Information on Canadian Inventory Finance ;Information for Canadian business owners and financial managers on business inventory financing and the need to control and report on inventory to reduce inventory financing costs.
The Myth Of Inventory Finance Companies
The Real Scoop on Inventory Financing In Canada ;Information for Canadian business owners and financial managers on the ability to finance inventory, are there true inventory finance companies, and , if so, what criteria are critical to obtain inventory financing .

New Ways To Achieve Accounts Receivable And Inventory Financing - The W/C Finance Loan Facility
Information on inventory financing in Canada . What are the best ways to finance inventory and accounts receivable via a loan arrangement that works ?
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