I normally begin with a “Quote of the Week,” but I wanted to talk about Key Performance Indicators (KPIs) and didn’t really have an appropriate quote for that topic. So I guess this is a “Tip of the Week.” While monthly financial statements provide vital information to the management of a business, they have a
“Cash is king.”
Is it king in your organization? It should be. You should be forecasting your cash for the next thirty days, reviewing it daily, updating it weekly. Some small business owners are unclear on the difference between “cash” and “profit.” They are totally different. You can be very profitable and still run out of cash. Likewise,
