Posts by Fortiviti
8 Simple Changes That Will Solve Your Cash Flow Problems
If your business is struggling due to tight cash flow, consider these eight simple operational changes that can make an immediate impact 1: Increase billing frequency. If you typically bill clients once at the end of each month for work completed, try billing on the 15th and 30th instead. This will get money coming in faster matching…
Read MoreWhat You Need to Know About Debt-to-Equity Ratio
If you’ve ever looked at obtaining financing for your business, you’ve likely heard of the debt-to-equity ratio. But, what is it? And, what does it mean to lenders? Here’s what you need to know about debt-to-equity ratio. What is debt-to-equity ratio? The debt-to-equity ratio compares a company’s total amount of debt to its total amount…
Read MoreSpring Clean Your Small Business – How Long Should You Keep That Document?
3 Reasons Why a Budget is Important for Your Business
Entrepreneurs are often told that a budget is an important tool to use in managing their business. However, many don’t know why it’s important. Maybe you set a budget at the beginning of the year and never hit any of the numbers. You wonder, “what’s the point?” Or, you set a budget and always come…
Read More3 Methods for Evaluating Your Business to Determine its Value
What is Your Business Worth? If you’re a business owner, chances are you’ve had this question before: What is your business worth? After all, the end game for many entrepreneurs is to build a company to sell. While you may have a great opinion of your business and think it is worth millions, the actual…
Read MoreHow to Find Your Focus, Master Distraction, and get the Right Things Done.
Time Management Solutions from Peter Bregman’s 18 Minutes You sit down at your desk at 9:00 O’clock on a Wednesday morning knowing you have one thing you need accomplish: write a proposal for a new client you have a meeting within two days. But, three phone calls, fifteen emails, two trips to the bathroom, thirty…
Read MoreHOW WILL YOU SPEND YOUR 525,600 MINUTES THIS YEAR?
FIVE HUNDRED TWENTY FIVE THOUSAND SIX HUNDRED MINUTES. Catchy tune. Thought-provoking subject. When you break down a year into minutes, it may seem like there is so much time. In reality, time seems to go by faster every year, and each year we are baffled that another 365 days has gone by. Time is the…
Read MoreBook Review: The Lean Startup
The Lean Startup by Eric Ries is a must read for any entrepreneur, manager, or small business owner who is interested in launching a new product or service. Ries’ method is a simple approach to new product development without wasting time on an elaborate business plan. Below are the five principals to the Lean…
Read More10 Powerful Tools for Small Businesses
There are a variety of business tools available for entrepreneurs and small business owners, and it can be overwhelming determining which is best for your company. To help you stay organized and focus on business growth, we created a list of 10 Powerful Tools for Small Businesses. Click on the links for more information.…
Read MoreCore Competencies: Where Should You Spend Your Time?
Focusing on your company’s core competencies can give you a significant competitive advantage over your competitors. What is a core competency? A core competency is a defining capability or advantage that distinguishes an enterprise from its competitors. Basically, a skill, process, or system that you perform better than nearly everyone else. Whether analyzing core competencies in…
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