Some clients I work with experience cash flow challenges.  They need to increase day to day income. One common issue is failing to bill promptly. Businesses don’t get paid until they send out invoices. 

I don’t watch much television; but while recovering from shoulder rotator cuff surgery, I caught Restaurant Impossible on the Food Chanel.  I found that it provided several worthwhile lessons we can apply to our businesses. While the show is scripted and dramatized, it still conveys solid principles. You can learn more about the program hosted by Robert Irvine here: http://bit.ly/i2LrOt .

Many accounting statements may be legal and still not reflect the condition of your business accurately. 

Every year businesses attempt to manage year-end spending and payments to maximize tax benefits. I am not a tax accountant or CPA, so check with your tax specialist to validate your situation.

Many business leaders have great vision and a clear idea about what needs to be done in order to accomplish that vision. Setting deadlines with accountability is a major step in taking vision to reality. King Solomon gave us an example when he, “had finished the temple of the LORD and the royal palace, and had succeeded in carrying out all he had in mind to do in the temple of the LORD and in his own palace.”  (2 Chronicles 7:11, NIV) Solomon was successful because he went from an idea to implementation.