In the first installment of this blog series, we learned about the critical role the balance sheet plays in managing a high-performing company. Then we looked at what good inventory management looks like. This month we’re sitting down with Mike Thomas, CEO of Alpha Widgets, to see if there is anything we can teach him
In the first installment of this blog series, we learned about the tremendous impact the balance sheet can have on the health of a company. We talked about how the income statement and balance sheet play two very distinct, equally important roles, and how understanding both of them is critical to operating a well-managed company.
How well do you understand your company’s balance sheet? What about your cash conversion cycle? Could you quantify, in real dollars, how much it costs to maintain a certain level of receivables on your balance sheet or that inventory on the shelf? Could you articulate the true cost, or savings, of a loan or line
When considering whether or not to buy a building for your business, your banker can be a wealth of knowledge and information, and I encourage you to reach out to him/her. I can assure you they’ll be glad to hear from you. Once you make the choice to work with a lender on financing a
