Declare your Independence from Financial Fears!

I hope you will have a great Independence Day.

I also hope the day won’t be spoiled because you are worried about your business. If you are, STOP! Make July 4th the day to declare your business’s financial independence.

Most privately owned businesses have finance functions that only report what has happened and give little or no input on what will be happening, how it will affect you, and how to change that course, if need be.

Because of this backward-looking orientation, many businesses get financial surprises and disappointing results. This does not need to be the case.

Knowledge is the most powerful tool a business owner can have. Foreknowledge is even more powerful.

If you get a projection for the upcoming year that has the caveat that you will be running out of cash at midyear, you can take action to minimize the impact on your business.

You can set in motion a plan to reduce your Accounts Receivable and/or increase your Accounts Payable or take other proactive steps.

If you simply ran out of cash, you’d have limited, costly options.

Reach out to me if you want to declare freedom from financial fear and uncertainty.

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