Be honest, forthright and sincerely committed to establishing a relationship of mutual trust and respect.
This golden rule can apply to just about any aspect of running a business, from communicating with staff to dealing with customers and suppliers. But it is just as vital to the relationship a business owner has with their banking institution. [...]
Posts Tagged ‘cash flow’
Your bank can’t help you if it doesn’t know you
by Bruce Fischer - Tuesday, November 3rd, 2009
OBJ Business Survival Guide, Part II
by Survive and Thrive - Monday, July 13th, 2009The Ottawa Business Journal’s second Business Survival Guide provided a series of articles with insights from experts on a range of topics, from maintaining employee morale during a period of layoffs, to understanding when to outsource, handling commercial leases, managing the books and getting the most out of a marketing budget.
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OBJ Business Survival Guide, Part I
by Survive and Thrive - Monday, July 13th, 2009The Ottawa Business Journal’s first Business Survival Guide provided a series of articles with insights from experts on a range of topics, from handling economic downdrafts as a technology company, to mitigating the impact of volatile commodity prices on your cash flow, managing facilities costs and financing options for startups.
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Taxes: Making the inevitable as painless as possible
by David Logan - Tuesday, July 7th, 2009Though it is a cliché, it does bear repeating as a simple, unavoidable truth – nothing is as certain as death and taxes. And while we can always hope that the first is far off, the latter will occur with frequent and unavoidable regularity.
As a business that may be struggling, or proactively looking at ways [...]
Cost Reduction: A penny saved is a penny earned
by Marian Kneitz - Friday, July 3rd, 2009As a business owner, you are acutely aware of the importance of maintaining positive cash flow. But just because you’re in the black, it doesn’t mean your costs are being managed as effectively as they could be. And if the bottom line is under pressure, taking a hard look at costs can make all the [...]
Get your fiscal house in order before shopping for cash
by Bruce Fischer - Wednesday, July 1st, 2009From a credit line with the bank to funding through the Ottawa Community Loan Fund, there are a number of financing options a business can explore to carry it through a rough patch. But it just makes good business sense to first put internal operations under scrutiny and see how cash flow can be improved [...]
Understand and control your cash flow, don’t let it control you
by David Logan - Sunday, June 28th, 2009The issue
Business people know that their business cannot effectively operate without proper cash flow. The issue is to gain an understanding of the details of your businesses cash flow needs, anticipate problems and have solutions. In general if your cash flow has deteriorated and the bank is calling you to repay a demand loan or [...]
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