Home News/Events Corporate Clients Advertise With Us Contact Barbara
Barbara Weltman
About Barbara BW Featured Topics BW Idea of the Day BW Newsletter BW Discussion Forum BW Barbara's Blog BW Barbara's Books BW Affiliations
BW

Cash Flow Management Aberdeen SD

This page provides useful content and local businesses that can help with your search for Cash Flow Management. You will find helpful, informative articles about Cash Flow Management, including "Priming the Pumps for Better Cash Flow". You will also find local businesses that provide the products or services that you are looking for. Please scroll down to find the local resources in Aberdeen, SD that will answer all of your questions about Cash Flow Management.

Ms. Sarathi Giridhar, CFP®
(605) 225-1047
320 6th Avenue SE
Aberdeen, SD
Firm
Schwan Financial Group, LLC
Areas of Specialization
Estate Planning

Data Provided By:
Mr. Robert J. Gunderson, CFP®
(605) 225-0104
308 S Main St
Aberdeen, SD
Firm
Investment Centers of America

Data Provided By:
Mr. Charlie Jakober, CFP®
(605) 226-8220
12986 Idlewood Dr
Aberdeen, SD
Firm
Ameriprise Financial

Data Provided By:
Mr. Dana E. Randall, CFP®
(605) 225-3130
PO Box 12
Aberdeen, SD
Firm
Raymond James Financial Serv

Data Provided By:
Wells Fargo - Kessler'S Aberdeen
(605) 225-5795
615 6Th Ave Se
Aberdeen, SD
Type
In-Store Branch
Office Hours
Mon-Fri 09:00 AM-06:00 PM
Sat 09:00 AM-01:00 PM
Sun Closed

Mr. Kenneth Krause, CFP®
(605) 229-2073
101 3rd Ave SW
Aberdeen, SD
Firm
Amerprise Financial

Data Provided By:
Mrs. Agatha K. Johnson, CFP®
(605) 290-3521
415 17th Ave NE
Aberdeen, SD
Firm
Eide Bailly Financial Services
Areas of Specialization
Business Succession Planning, Comprehensive Financial Planning, Investment Management, Wealth Management
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

Average Income: $100,001 - $250,000

Profession: Self-Employed Business Owners

Data Provided By:
Mr. Michael J. Weber, CFP®
(605) 229-0030
PO Box 15
Aberdeen, SD
Areas of Specialization
Tax Preparation
Key Considerations
Average Net Worth: Not Applicable

Average Income: Not Applicable

Profession: Not Applicable

Data Provided By:
US Bank - Aberdeen Office
(605) 226-4100
320 S 1st St
Aberdeen, SD
Drive Up Hours
Mon 08:30 am to 05:30 pm
Tue 08:30 am to 05:30 pm
Wed 08:30 am to 05:30 pm
Thur 08:30 am to 05:30 pm
Fri 08:30 am to 05:30 pm
Sat 09:30 am to 12:00 pm

Wells Fargo - Aberdeen Main
(605) 225-2220
204 S 1St St
Aberdeen, SD
Type
Branch
Office Hours
Mon-Fri 09:00 AM-05:00 PM
Sat-Sun Closed

Data Provided By:

Priming the Pumps for Better Cash Flow

February 1, 2008

(February 2008) You may be profitable, but are struggling every month to pay your bills because you don't have a handle on your cash flow. Understand the invisible drains on your money and learn ways to get better control over your cash flow.

 
Cash flow is the movement of money that goes in and out of your business. You need a constant flow of money in so you can pay your employees, vendors, and yourself, and service your debt-especially in tough economic times. To operate successfully, especially as the economy moves into or already is in a recession, you must have a handle on where your money is at all times-what's coming in and what's going out. To do this, understand how cash flow works and how you can manage it better.
 
Money-in, money-out
Your business collects money in three basic ways: from operations (the sale of goods and services), from investments in and by your company (investments by you and other investors in your company and profits on the sale of company assets), and by financing (the proceeds of loans or other borrowing).
 
Money goes out of your company for four main reasons: paying expenses (salaries of employees, taxes, etc.), investing in assets (buying property and equipment), paying owners (draws to owners who are not employees and dividends to shareholders), and servicing loans and other debt (repaying principal).
 
Invisible drains on cash flow
Not every penny you pay is an expense you can subtract on your profit and loss statement. Some outflow is, in a sense, invisible; it still drains cash flow:
 
  • Owner's draw-payment to you if you are not an employee (i.e., you are a sole proprietor, partner, or member in a limited liability company).
  • Debt service-payment of principal on loans, including credit card debt.
 
Getting a better handle on cash flow
Despite having significant sales, you can struggle from month to month to have enough cash on hand to pay your current bills. There are two main ways to attack cash flow:
 
Bring more money in by:
  • Increasing sales
  • Raising prices
  • Improving collections
  • Changing credit policies for customers
  • Maximizing investment returns
  • Borrowing money (from banks, through factoring, or by obtaining financing from suppliers)
 
Reduce out-flow by:
  • Trimming expenses
  • Reducing inventory
  • Using barter to acquire the goods and services you need (it's common to limit barter to 5% to 15% of your business)
  • De...

Click here to read the rest of this article from Barbara Weltman

Copyright ©2008-2011 Big Ideas for Small Business, Inc.

Privacy Policy | Site Map

Website Design & Development by Hudson Fusion

Small business ideas and small business advice from Barbara Weltman to provide business owners with the information they need to succeed.
Visit our small business blog, Idea of The Day, small business books and articles on small business taxes, small business finance and small business legal advice.