Read Articles on Becoming a Better Business Owner

Marcus Won the Contract. Why Can’t He Cover Payroll?

Marcus had the kind of news most service-business owners want to share immediately: a new...
Cash Flow Mike archive card for The Customer Wants Installments. Who Carries the Cash?

The Customer Wants Installments. Who Carries the Cash?

Imagine this. An appliance store owner brings a proposed payment offer to her bookkeeper before...
Cash Flow Mike archive card for The Supplier Added a Surcharge. When Does It Come Off?

The Supplier Added a Surcharge. When Does It Come Off?

Imagine this. A restaurant owner and her bookkeeper are reviewing the next supplier payment. The...
Cash Flow Mike archive card for Should You Take the Annual Software Discount?

Should You Take the Annual Software Discount?

Imagine this. A service-company owner forwards a software renewal to the bookkeeper. The vendor offers...
Cash Flow Mike archive card for Two Jobs Need Cash. Which One Should the Shop Finish First?

Two Jobs Need Cash. Which One Should the Shop Finish First?

Imagine this. A small manufacturer has two jobs waiting for outside finishing. The owner wants...
Cash Flow Mike cover for A Tax Benefit Is Not a Cash Plan

A Tax Benefit Is Not a Cash Plan

A tax change can influence a client’s investment decision. It cannot, by itself, make the...
Cash Flow Mike archive card for The Position Is Still Open. What Is the Vacancy Costing?

The Position Is Still Open. What Is the Vacancy Costing?

A typical situation looks like this. A specialty repair company has been trying to hire...
Cash Flow Mike archive card for Cash Feels Comfortable. What If One Customer Pays Late?

Cash Feels Comfortable. What If One Customer Pays Late?

Imagine this. An 18-person commercial maintenance company opens the quarter with $285,000 in the bank....
Cash Flow Mike archive card for If the Owner Stops Working, What Happens to Cash?

If the Owner Stops Working, What Happens to Cash?

Imagine this. A one-person equipment repair business has $42,000 in the bank. The owner has...
Cash Flow Mike archive card for The Card Still Has Room. Where Did the Cash Go?

The Card Still Has Room. Where Did the Cash Go?

A typical situation looks like this. A repair company uses one business card for parts,...