Everyone's a Cost Cutter
Two entrepreneurs give advice on cutting costs through open-book management. Read more
Budgets
Recent Budgets Articles
Teaching Employees to Understand Costs
Question: "I run a big assembly plant, and it's hard for the employees to see a connection between the plant's P&L and what they ... Read more
Franchisees Thrive with Open-Book Management
Increasingly, franshisees are hopping on the open-book bandwagon. Two such owner-operators are Jim Brown and Joe Clark who run separate Chick-fil-A franch... Read more
Stay the Course
A noted small-business CEO explains why you should never, (ever!) change your annual plan in the middle of the year. Read more
Budgets: The 10% Solution
A look at what happens when managers are forced to keep budgets down. Read more
The Employee-Run-Budget Work Sheet
An up-close look at one company's budget work sheet used to support open-book management techniques. Read more
Libation Liability
Lawyers advise companies to set clear policies about drinking on site. Read more
How Sales Goals Are Set
A survey asked companies how they set sales goals for sales executives and sales reps Read more
Margin Management
Frustrated with trying to run your company on a budget? Jim McManus has a better way: focus on gross margin. Read more
Negotiating Budgets: Games People Play
The higher the stakes, the more outrageous the tactics. Read more
Budget Surplus
When a governmental entity has revenues from taxes, fees, and other impositions which exceed its budgeted outlays, it is said to have a budget surplus. Wh... Read more
Budgets and Budgeting
Related Terms: Business Planning In the br... Read more
Cash Conversion Cycle
The cash conversion cycle (CCC) is a key measurement of small business liquidity. The cash conversion cycle is the number of days between paying for raw m... Read more
Cash Flow Statement
Related Terms: Financial statements ... Read more
Discounted Cash Flow
Discounted Cash Flow (DCF) analysis is a technique for determining what a business is worth today in light of its cash yields in the futureRead more
Financial Statements
Related Terms: Annual Report ; Read more
Profit Margin
Related Terms: Financial Ratios The profit m... Read more
Business Plans at Internet Speed
In the July 2000 issue of Inc. magazine, Joel Burtman, president of a seven-year-old construction company, asks a question that's probably on man... Read more
Cash Flow Statement
A breakdown of the cash flow statement, and methods for simplifying the procedure. Read more
Budgets and Budgeting
A detailed explanation of how to budget, types of budgeting, the benefits, and the critiques of the budgeting process. Read more
Cash Management
Cash management is important for any new or growing business, and here are some tips to aid your company in the collection, concentration, and disbursement o... Read more
How To Start a Business Budget
Every successful business needs a budget, and here are some tips on how to make one that works for you. Read more
Advertising Budget
The advertising budget of a business is typically a subset of the larger sales budget and, within that, the marketing budget. Advertising is a part of the... Read more
Advertising Budget
Tips on budgeting and negotiating, plus promotional tools for advertising. Read more
Deducting Business Entertainment Expenses
General tax rules say that if you incur entertainment expenses related to your business, you can deduct those expenses if the following are true: ... Read more
Cost-Control Basics
Fine-tuning accounting procedures and comparison shopping for banks can help improve your company's cash flow. Read more
Cash Management
Cash management is a broad term that refers to the collection, concentration, and disbursement of cash. The goal is to manage the cash balances of an ente... Read more
Cost Control and Reduction
Cost control and reduction refers to the efforts business managers make to monitor, evaluate, and trim expenditures. These efforts might be part of a form... Read more
Finance and Financial Management
Finance and financial management encompass numerous business and governmental activities. In the most basic sense, the term finance can be used t... Read more
Financial Planners
Financial planners are individuals who advise both people and companies about how to invest their assets. Most financial planners are professionals who he... Read more
How To Manage Cash Flow
From the basics, to tips on how you can improve it, here is everything you need to know about cash flow management. Read more
