WHY KNOW YOUR BREAK-EVEN POINT?
Navigating the Break-Even Point for Entrepreneurs For entrepreneurs, the idea of aiming for a break-even point might raise eyebrows. Isn’t the goal to make a profit, rather than just breaking even? It might sound like a setback or even a hint of failure. However, understanding the break-even point is a game-changer for your business decisions. At […]
Six tips to better manage Cash flow
We meet so many businesses at ASE. One of their key worry … “running low on cash” Cash in the Bank (and/or availability of credit) is essential to keep the wheels of your business turning. Cash is needed to cover running costs (overheads, supplies, staff etc.) Then of course there is growth. So many get […]
CASH IS KING!
In most businesses, you should be evaluating profitability on a regular basis. This is an extremely important measure. However, equally important, and critical is evaluating cash flow! During a fiscal year, you would be looking at profitability weekly or monthly, but daily you should be looking at whether you are generating enough cash to keep all operations going. As an example, be […]
The Importance of A Pro Forma Evaluation
Using a Pro Forma Financial Statement Your financial statements provide a snapshot of your business’s finances and performance at a point in time; they provide information on profit, cost of goods sold (COGS), expenses and earnings before interest expenses and taxes (EBIT) . The foundation for planning the future course of your business starts with your financial […]
INTERNET TECHNOLOGY IN BUSINESS
I remember the days when business life was simple, everything was manual and computers didn’t exist. In reality it was not that long ago. History indicates that in 1951 the first general purpose computer for businesses came into play. Since that time computers have evolved to be in every part of everyday life. IT used […]
HIRING POST-PANDEMIC
HIRING POST-PANDEMIC In our July 2021 newsletter we addressed ‘when is the right time to hire’. As a follow up that this letter discusses the ability to determine the revised staffing needs and how to proceed after to the pandemic hiatus. Analysis The ultimate need for any additional staffing, remains a very specific consideration for […]
THE RIGHT TIME TO HIRE
THE RIGHT TIME TO HIRE Is your business so hectic that you can’t accept new orders or new clients? Or do you even have time to deliver what you’ve already promised? Should you expand the business but you just don’t have the time or energy? Do you just hate doing some parts of the business […]
Considering your business exit strategy
Considering Your Business’ Exit Strategy Over time you have nurtured your business like a parent nurtures a baby. It is your life’s work and may even be your identity. How do you sell it and get others to see its value? This is a tough transition and sometimes a rude realization. Preparing to sell a […]
Salary versus Dividends
Salary versus Dividends: How should you pay yourself? We, at Associated Senior Executive, often have clients ask whether they should take their wages as a salary or dividends. As a business owner of an incorporated business, you can derive your income from either salary or dividends or from both. What are the differences between dividend […]
What will be the new reality?
‘WHAT WILL BE THE NEW REALITY?’ In this Covid -19 environment we are sure we have all have talked about what will be the ‘new normal’ [over Zoom no doubt]. No one of us can predict or assume what the new reality will be but, for certain, there will be a new reality. For business […]