Of course, you know the answer! You buy raw materials, you pay your staff, rent and utilities and you sell what you make. But if you’re only looking at those few numbers, you are not able to make the changes you need to make your business more profitable. Your income statement is the summary, the […] The post Profitability Challenge<br />How does your business make a profit? appeared first on CFO Simplified.| CFO Simplified
Every business ends up short of cash from time to time. But there’s short of cash, and then there’s SHORT OF CASH. In the first case, you’re going to have to wait a few months to buy that new production machine. In the second, you need to figure out some way of covering payroll on […]| CFO Simplified
As we’ve worked increasingly with law firms over the past few years, there are a number of commonalities that we’ve found with many of the firms that we’ve met and have worked with. Lawyers are really good at taking care of their clients. That’s the bread and butter of their business and biz dev, and […]| CFO Simplified