For this 2020 Pivot to Profit Virtual (P2Pv) session, we rounded up integration firm CFOs to offer perspectives on understanding liquidity and cash flow in managed services. Watch the full session here 2020 P2Pv Presenters: Brad Dempsey, CEO at Solutions360 Inc. Eric Morris, CFO at Wayne Automatic Fire Sprinklers Chris Mounts, CFO at AVI Systems Read the full article…
A sound approach to cash flow forecasting will help integration companies get through the COVID-19 crisis and plan for growth beyond the recovery, says Solutions360’s Brad Dempsey in a P2P Series interview. Doing data entry and working on forecasting might be the last things many integrators want to tackle as they battle through the COVID-19 Read the full article…
Pivot to Profit Series: As integration firms look to recover from the COVID-19 crisis, cash flow forecasting is more important than ever, according to Solutions360’s Brad Dempsey. In today’s business environment, the term “cash is king” is truer than ever. Most companies have their own version of a cash flow forecast report, but is it Read the full article…
Even during uncertain times like this, the No. 1 rule of business is: Stay in business! Washing your hands and practicing social distancing are important, but so is leadership during stressful and challenging times like these. This situation could reveal the type of leader you are … or could become. Many of us feel like Read the full article…
What makes a financially successful business? One with high profits? One with a solid financial plan? Many owners believe that, if profits are solid, then the company is solid. As we revealed in last week’s blog, however, they’re pretty upset when they find out that isn’t reality. These are “cash-blind owners” – owners who don’t Read the full article…
As summer arrives, integrators face some of the most rewarding yet challenging months in the business. Learning to deal with seasonality can be a daunting task, especially when several large projects overlap. Seasonality can make balancing purchasing, AR, and AP difficult. The last thing you want to do is say “no” to a project that Read the full article…
As part of a continuation of our How to Build a Better Business blog series, we’re covering the questions to ask when taking the third step in analyzing performance: reviewing your financial position. Read the full article…
If you stay committed, you can create a budget that will keep your business on track. Here’s what you need to do to get there … Read the full article…
There are many factors that contribute to a successful business. Planning, strategy, leadership, and execution all come to mind. These are the cornerstones of a productive organization; most great companies we have come across do these things well. And when we speak with many business leaders, these are the items they immediately address when we ask about their Read the full article…
It’s time once again to start looking at budgeting and forecasting for next year’s business. Likewise, bankers are also evaluating their 2013 books of business and their loan portfolios for 2014. Many NSCA members have experienced that all-too-familiar call from the bank, with a message about re-evaluating revolving line of credits and assessing the preferred Read the full article…
