Biz Help For You
Our show is education-based to give information to entrepreneurs to help them know the rules and regulations that need to be followed to help them avoid penalties and keep them in compliance. It also offers tips for success in various areas including marketing, website design, budgeting, understanding information on financial reports and more.By listening to this program, you will learn about specific regulations in the areas of business licenses, payroll, sales tax (for online and brick and mortal sellers), 1099 processing and other compliance tasks. You will also hear tips from experts to help you manage and grow your business to be more profitable.Topics will include labor law updates, creating systems and processes, building a team, understanding the differences, features and benefits of desktop versus cloud based software, creating a marketing plan, and other important topics for entrepreneurs.
Biz Help For You
How to Create the Cash Culture Your Business Needs to Thrive with Peter Kingma
Let's chat about optimizing cash flow for business success! Meet Peter Kingma, a cash flow expert with over 30 years of advising global companies. In this interview, Peter shares invaluable insights from his book Cash is King and decades of practical experience. You'll learn key strategies like The crucial difference between profit and cash flow (and why profitable companies can still go bankrupt!) Best practices for managing order-to-cash When taking a loss to sell inventory can make sense How to collect accounts receivable from non-paying customers Negotiating win-win payment terms with vendors Peter keeps it relatable with plenty of real-world stories and actionable tips. This is a must-listen for any small business owner ready to build the cash culture their company needs to thrive! Let me know what cash flow struggles you face or what questions you still have after listening. Peter offers exclusive resources to help dig deeper into these concepts. #SmallBusinessOwners #CashFlowManagement #FinancialStability #BusinessOperations #CashCulture #ThriveInBusiness #ImprovingCashFlow #FinancialSuccess #SmallBusinessTips #BusinessManagement
Key Moments
00:00:02 - Introduction to Cash Management
00:03:45 - Difference between Cash Flow and Profit
00:09:59 - Best Practices for Order to Cash Management
00:13:23 - Importance of Timely Invoicing
00:14:05 - Understanding Payment Terms
00:14:46 - Importance of Cash Flow Forecasting
00:15:53 - Challenges with Large Businesses
00:18:18 - Dispute Management and Collection
00:20:40 - Factoring and Self-Examination
00:21:56 - Managing Supply Chain and Negotiating Terms
00:28:26 - Importance of Cash Culture
Resources: https://affordablebookkeepingandpayroll.com/resource-opt-in
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