Cash Flow Forecasting – The Profit Beacon

Fred Parrish On Expressing Opinions in Limelight: Dak Prescott Stands for National Anthem

dallascrilley — Thu, 09 Aug 2018 06:00:00 +0000

Cowboys Quarterback Dak Prescott has received backlash for his comments explaining why he stands for the National Anthem and supports Cowboys management’s decision to enforce it. Since then, there was spray painted on a west Dallas alley wall a picture of Prescott wearing a frightened expression. It’s now been defaced by someone clearly unhappy with the depiction. Profit Expert Fred Parrish...

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Fred Parrish: Walmart Considers Heavier Monitoring of Customer Service Transactions

dallascrilley — Fri, 27 Jul 2018 06:00:00 +0000

The nation’s top retailer, Walmart, recently filed a new patent for a video system that will keep tabs on customer service transactions. Financial strategist Fred Parrish weighed in on the matter on ESPN radio. You know, when I first heard about this, it does have that creep factor to it, but you know the more you think about it, companies have really been looking for ways to monitor employees for...

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Fred Parrish: How Can Small Businesses Compete Against Big Tech Companies?

dallascrilley — Fri, 20 Jul 2018 06:00:00 +0000

The recent Amazon Prime Day didn’t go as smoothly as hoped. Behind the screens were glitches, failed landing pages, and problems with the shopping navigation. Fred Parrish highlights the importance of preparation, test runs, and having realistic expectations of potential outcomes, especially as a large company. “They may never tell us exactly what happened, but I can tell you that they were...

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Cash is King, So How Are You Managing It?

dallascrilley — Sun, 01 Jul 2018 06:00:00 +0000

Knowing Your Cash Buffer Days Can Help Gauge the Financial Health of Your Business= Most small businesses hold a level of cash reserves that would provide an insufficient cushion in the face of a significant economic downturn or other disruption. That’s among the findings in a JP Morgan Chase study titled “Cash is King: Flows, Balances and Buffer Days.

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Small Business’s Top Headache

mike — Fri, 01 Jun 2018 06:00:00 +0000

Taxes remain the top headache for small business owners, according to Capital One’s Small Business Growth Index. Among those surveyed, 47 percent say taxes are a major worry this year, despite tax reform intended to help grow business. Meanwhile, the US Supreme Court will soon decide if states can force online retailers to collect sales tax on purchases. South Dakota is asking the justices to...

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Make the Most of Your Economic Prospects

mike — Tue, 01 May 2018 06:00:00 +0000

CFOS are increasingly optimistic about the economy in the US and abroad, with 90 percent of those surveyed ranking conditions as good, up from 74 percent last quarter, according to Deloitte’s 2018 Q1 CFO Signals survey. “The passage of tax reform and government spending bills in the US appears to have further bolstered confidence — with growth expectations for revenue, earnings, capex...

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Why You Need a Cash Management Plan From The Start

mike — Sun, 01 Apr 2018 06:00:00 +0000

I just saw this new data from Bankrate that shows there are more Americans working a side hustle today than any time in the last 20 years. 28% According to the report, 28 percent of Millennials, between the ages of 18 and 26 are working on the side right now. And 14.5 percent are using their side hustle to start a new business of their own. Why are so many young workers branching out into...

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Stress and the CFO

mike — Thu, 01 Mar 2018 06:00:00 +0000

Being a CFO, or a business owner acting as your own CFO, can be incredibly stressful, and it just gets more so the larger the company you manage. Those of us who have worked in this role for years know it, and now new research confirms it. Recruiter Robert Half surveyed CFOs around the globe to find that three in four expect stress levels to rise in the next few years. The study attributes CFOs’...

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Is the Customer Always Right?

mike — Thu, 01 Feb 2018 06:00:00 +0000

That story about a woman who returned a Christmas tree to Costco on Jan. 4 “because it [was] dead” – and got a full refund – sure got people talking. Costco gave the woman a refund after questioning her, verifying the purchase on her account, and shaming her “to a small degree,” Fortune reported. This seems to me a little bit like getting a refund on the dozen roses you gave your wife for...

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Financial Challenges of 2018 (and how to meet them)

mike — Mon, 01 Jan 2018 06:00:00 +0000

With the New Year already here, what are the big issues and priorities facing your business in 2018? According to a recent article in CFO.com, financial priorities of CFOs for the coming year include “survive disruption,” “raise prices,” “increase margins,” and “drive a culture of data” (others listed are “execute crisply,” and “invest for growth.” In other words, the priority areas CFOs expect to...

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