CFO Magazine recently included an article entitled “Imperfect Futures“, describing the growing challenge of forecasting in an uncertain economy. It’s never been easy but maybe never before, this hard.
There is a valuable perspective in this article worth considering. (more…)
Disappointing sales are the number-one problem afflicting America's small businesses, and few business owners expect consumers to start spending again any time soon, according to the National Federation of Independent…
Small businesses have become more pessimistic about the chance for economic recovery in the next six months, according to a survey by the National Federation of Independent Business. The indicator…
The North Bay Business Journal, a publication of the New York Times, is a weekly business newspaper which covers the North Bay area of San Francisco – from the Golden Gate bridge north, including the Wine Country of Sonoma and Napa counties.
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Article published -Monday, August 3, 2009
By Lary Kirchenbauer
“Only when the tide goes out do you discover who’s been swimming naked.” — Warren Buffett
Victory … Defeat. Won … Lost. Revenues … Expenses. These are well-understood concepts among business executives. Profits … Cash? Oops, sorry. That may be the biggest conundrum among business leaders: If I’m making all these profits, why don’t I have more cash? My company generated $500,000 in profits this year, and we have only $10,000 in cash. We can’t pay bonuses or contribute to benefit plans without cash – where did it all go? (more…)
I have written several posts lately about the value of business plans and the nature of the pitch to raise money.The MIT Sloan Management Review weighs in with a new…
