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 Fisher Asset-based borrowing for any company is a blessing and a loss of control at the same time. This article is will discuss the key points you need to know about asset-based lending. First however, some background. Nature of the Book Trade Traditionally the publishing industry has…
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
Part 1—Managing Your Cash Flow By Daniel R. Siburg, CPA, CVA & Howard W. Fisher The growth and survival of your business depends on active management of one asset—cash. The simplest cash control is the mantra “Never overspend!” However, many moving pieces are involved in managing cash and we are going to cover the major…
Read more
By Daniel R. Siburg, CPA, CVA & Howard W. Fisher Three elements affect an owner’s ability to make an advantageous sale of a company: Time – How long can the owner take to prepare the company for sale and complete the sales transaction? Pressure – What kind of pressure is the owner under to complete…
Read more
By Daniel R. Siburg, CPA, CVA and Howard W. Fisher Long before you are ready to think about selling your company, you may want to think about what creates value in it. The following are key factors in creating value. Seller’s Reputation Your business is known for its character and reputation in the industry. Your…
Read more
Recent Comments