Trying to figure out where we are so we can plan out where we're going with the business. Up to now, I didn’t have a strategy and I didn’t know my percentages in finance. I didn’t know how things added...
We just got clobbered by a risky client who went under, taking our receivables with them. We’ve gone from having tons of money in the bank to being very thin. Since this was a sizable account, it’s going to be...
Customer non-payment is becoming an issue. People owe us money and I want to get paid! We were busy last quarter and we didn’t stay on top of collections. Now even current clients are slowing down payments. I’m starting...
"We’ve done a great job cost-cutting. We’re making bigger profits than ever, even though sales are down 12 percent. Should we keep focusing on profits and stay away from growth?" Taking a pause to economize can be a useful and...
"Things are looking up. Right after we get through June, I want to give my employees a mid-year bonus. We didn't give raises or bonuses last year. We are now doing much better and I want to show them...
"As a business owner, how do I keep my company safe in a down economy? This comes from a recent Ask Andi forum, part of the Lunch and Learn Series, run by the Westchester County Association." Panelists included Robert Sanders...