A Strategic Plan is about communicating financial and operational objectives by taking numbers and converting them to words. The reason for Strategic Planning is to implement a plan of action that will make the business’s Vision/Strategic Plan a reality. Strategic Planning is the actual process of implementing a Strategic Plan that has set obtainable and…
Read more
In the past six months, businesses have been making numerous short-term decisions that can have long term operational benefits. The key is to evaluate and operationalize these short-term decisions to provide long term benefits to the business operations. The fact is that almost all businesses during the past six months have been forced to do…
Read more
Recently, I have been having conversations with clients on how they need to get back in touch with what is going on with and in their business. Below is a simple methodology on how to get back in touch. Sign all the checks the business issues! Yes, it is that simple. Sign the business’s checks…
Read more
At any point in time during a year a business may need to revise their annual budget or forecasting models and processes. The Differences Between Budgeting and Forecasting Budgeting is a planning process that is done on an annual basis to help the executive management team define what they want the business to achieve during…
Read more
Budgeting: Is it worth the time and effort? Simply stated – businesses should be budgeting for annual business plans, special projects, capital equipment purchases, new product development and more. Businesses that fail to budget have no defined plan to project growth, manage and judge the performance of the business. Lack of any kind of budgeting…
Read more
by Daniel R. Siburg, CPA, CVA A budget on the back of a napkin is better than no budget at all. Even the simplest of budgets will make management think about the coming year’s future direction and performance goals for the business. Budgeting Helps the Business Look Forward to the Coming Year Budgeting is important…
Read more
by Daniel R. Siburg, CPA, CVA and Howard W. Fisher Every company, small or large, needs to have a strategic plan outlining their business’s efforts for the economic turnaround. During the coming period of economic growth, every company should have a defined set of goals to reach and indicators to watch as the economy starts…
Read more
By Daniel R. Siburg, CPA, CVA & Howard W. Fisher This is the final installment of the Publisher’s Cash Management Plan series that began in October 2002 with “Managing Your Cash Flow” and continued in succeeding months with “Managing Your Accounts Receivable,” “Bridging the Cash Gap with Asset-Based Lending,” and “Managing Your Inventory.” Publishers, like…
Read more
By Daniel R. Siburg, CPA, CVA & Howard W. Fisher Inventory management is critical to keeping your publishing business operating smoothly and your customers happy. Inventory is usually one of a publisher’s two largest assets, the other being accounts receivable. Every company needs to manage all aspects of their inventory—from what titles and quantities to…
Read more
By Daniel R. Siburg, CPA, CVA & Howard W. Fisher Accounts receivable is a topic that every publishing company knows about, but does every company manage their accounts receivable? A publisher’s cash management plan will always include accounts receivable management. While publishers may think that receivables are trade accounts receivables, there are several types of…
Read more
Recent Comments