Are You Incinerating Your Cash?

Do you sometimes feel your business is burning cash far too fast or that your profits are going up in smoke?

Over my years as a financial recruiter, I’ve been called in by business owners with this exact problem. I often discover that the company’s controller can see this happening, but they don’t do anything about it.

On the other hand, I’ve seen how a new controller can come in with new tools, knowledge, and perspective and immediately work toward containing and extinguishing the fire.

In one case, I placed a new controller in a $30 million manufacturing company whose sales and profits had stagnated.

Within a year, the new Controller reduced inventories by $1 million, while increasing the on-time order fill rate from 85% to over 90%.

This company suddenly had $1 million in extra cash! They used this additional working capital to help grow sales to $50 million and increase the bottom line.

The right kind of financial information in the hands of the right person will dramatically increase company profits and cash flow over a relatively short period of time.

Other Posts

  • Can You Turn a Frog into a Prince?

    Can You Turn a Frog into a Prince?

    20th May 2024
    Read More
  • Why Was Your Last Hire a Disappointment?

    Why Was Your Last Hire a Disappointment?

    17th May 2024
    Read More
  • Are You Crossing Your Fingers Too Often?

    Are You Crossing Your Fingers Too Often?

    15th May 2024
    Read More