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Generate more cash for your next bluebird opportunity or risk mitigation
From:
Gary W. Patterson -- Big 4 CPA, Stanford MBA Gary W. Patterson -- Big 4 CPA, Stanford MBA
For Immediate Release:
Dateline: Atlanta , GA
Wednesday, December 04, 2019

 

You and I are seeing more and more CEO and CFO surveys and articles re WHEN, not IF, the economy will turndown and asking how prepared you are.

As you andI know, both in good times and bad times leaders always have a use for morecash. Bluebirds abound when turbulence occurs, for those who can quickly accesscash.

Searchingthrough my vault, I found and updated my 7 best tips list on quickly gettingmore cash. Consider these 7 sure-fire tips on how to improve cash flow andfortify your company’s position in the marketplace.

  1. Scrutinize and update, (or Obtain) yourRolling Operational Operating Statement.
  2. Learn which products now haveunacceptable margins or even worse, are loss leaders. Determine appropriatetactics, such as to either get rid of them or, at the very least, considerraising prices.
  3. Ask employees for suggestions. Heed the classicadage, “Ain’t any of us as smart as all of us.”
  4. Postpone even slash purchases, where possible.
  5. Review inventory levels using current orreasonably conservative projections by how many days’ sales and adjustoutstanding and future orders appropriately.
  6. Send out all accounts receivablestatements monthly AND make collection calls where appropriate.
  7. Do more with less. There is a reason whythis tried-and-true phrase remains tried-and-true.

Ensure youtimely and accurately receive the management information reports to easilycomplete these reviews. What other key information might you be missing? Hard to have too much cash.

Pull thislist out every six months to see where and how you can better manage yourcompany’s cash flow.

At best,you will find and correct the inevitable fat and sloppiness which always creepsin during booming times. At worst, you will invest a limited amount of time andeffort for which your improved cashflow will thank you.

When theeconomic climate changes as dramatically and as frequently as it seems to benowadays, remember that cash is better than king – it rules.

Call now todiscuss your situation 678-319-4739.

Thanking you inadvance, Gary

Gary Patterson
FiscalDoctor, Inc.
678-319-4739    www.FiscalDoctor.com

Reduces financial risk,strategically aligns companies, and increases profit

I build my business the same way you build yours: by referrals. If you know any growing mid-market companies that wouldbenefit from my services, please send me a note. Thanks!  

PS. Helps leaders increase profitability providing access to 100 insider ways to unlock cashflow often better and cheaper thanincumbents. Call or email me at 678-319-4739 or gary@FiscalDoctor.com.

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News Media Interview Contact
Name: Gary W. Patterson
Title: Trusted Advisor
Group: FiscalDoctor Inc.
Dateline: Alpharetta, GA United States
Direct Phone: 781-237-3637
Main Phone: 678-319-4739
Cell Phone: 781-237-3637
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