by D. Maykl Muhammad | Aug 20, 2024 | CFO
SUMMARY Cash flow forecasting enables small businesses to anticipate and plan for seasonal revenue fluctuations, ensuring financial stability during slow periods. By proactively managing cash flow, businesses can maintain operations smoothly and seize growth...
by D. Maykl Muhammad | Aug 17, 2024 | CFO
SUMMARY Balancing working capital and cash flow is essential for small businesses to maintain liquidity and support sustainable growth. By optimizing key areas like inventory management, accounts receivable, and supplier payment terms, businesses can improve their...
by D. Maykl Muhammad | Aug 14, 2024 | CFO, Nonprofit
SUMMARY Understanding when to engage a CPA versus a Sector Tax Professional is crucial for business success. CPAs provide broad financial services, focusing on compliance, tax preparation, and financial management, but may not always offer growth strategies. Sector...
by D. Maykl Muhammad | Aug 12, 2024 | CFO
SUMMARY Identifying cost-saving opportunities without compromising quality involves auditing operational processes, leveraging technology, and optimizing supplier relationships. Embracing lean manufacturing principles and sustainable practices can further reduce costs...
by D. Maykl Muhammad | Aug 5, 2024 | CFO
SUMMARY Aligning financial planning with business strategy is essential for achieving long-term organizational goals. This integration ensures that financial resources are effectively allocated to support strategic initiatives, driving sustainable growth. By...
by D. Maykl Muhammad | Aug 2, 2024 | CFO
SUMMARY Capital revenue refers to income from one-time or infrequent transactions, such as asset sales or investment income, differing from the regular, recurring operating revenue generated from core business activities. Generating capital revenue is crucial for...
