Marc Goodman
Cash Conversion Cycle:A company’s cash conversion cycle (CCC) is an important business metric, which shows the efficiency of the company’s daily operations. Keeping track of it allows businesses to gain an understanding of how quickly cash can be converted into sales and returned to cash. Furthermore, it facilitates the creation of a clear picture of…
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What does the Cash Conversion Cycle measure? The importance of the Cash Conversion Cycle for your small business. What is the Cash Conversion Cycle? In the financial world, the cash conversion cycle (CCC) measures the time it takes a business to convert its investments, such as inventory, into cash. What is a Sales Cycle? A…
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Welcome/Thanks for coming back to blog #5 in the series. In this blog, we are going to look at and understand the difference between the Direct and Indirect Methods of Cash Flow. The Cash Flow Statement is a financial statement that documents the movement of cash and cash equivalents that flow in and out of…
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Cash Flow is the lifeblood and the anatomy of your business. It is imperative to maintain a healthy flow of cash in and out of your business. This is so that you are able to pay employees, suppliers, rent, taxes, and other operating costs on time. As a result of having cash on hand, you…
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Welcome/Thanks for coming back to blog #4 in the series. What is a cash flow statement? Understanding Cash Flow: A cash flow statement is a regular financial statement telling you how much cash you have on hand for a specific period, where it has come from and where it has gone. I call a Cash…
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Welcome/Thanks for coming back to blog #3 in the series. What are the different types of Cash Flow? In business, there are three cash flow types or categories that companies should track and analyze to determine the liquidity (how fast can assets be converted to cash) and solvency (the ability to pay your debts) of…
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Welcome/Thanks for coming back to blog #2 in the series. What is cash flow? Cash flow: The amount of money moving into and out of a business. The cash flow of your business is a measure of the amount of cash that enters and leaves your organization over a specific period of time. In a…
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Now, who is Cash Flow Mike? Mike Milan is the business specialist behind the name Cash Flow Mike. Cash Flow Mike earned his nickname after spending over 20 years owning small businesses and learning the secrets to protecting one of his largest personal investments. Having accumulated a wealth of experience in a number of fields,…
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