Accounting | Business | Finance | Planning
Unlocking the Power of Profit Margins: A Guide for Small Business Owners
As a small business owner, you wear many hats. From managing daily operations to crafting marketing strategies, your to-do list is never short. Amidst all these responsibilities, there’s one crucial aspect of your business that you shouldn’t overlook: profit margin. Understanding and monitoring your profit margin can be the key to unlocking greater financial success…
BMO for Women: Financial Forecasting Workshop
BMO’s Jamie Doolittle, Head of BMO Business Banking for Central Region, Ontario, hosts Heather Tuason, CEO of Arena CEO, for a discussion about Financial Forecasting – the New Year’s resolution that pays off.
Accounting | Business | Finance | Planning
Accounts Receivable
What are Accounts Receivable and Why Do They Matter? Accounts Receivable are one of the most important components of your revenue line. Very simply, accounts receivable are money you are expecting to flow into your business as a result of work performed or goods and services dispensed. As a business owner you sell a product…
Forecasts Aren’t Just For Meteorologists…
Learn how forecasting can support business growth and success with BMO and ARENA.
Demystifying Business Finances: Does Running Out of Money Mean I Have a Bad Business?
As an entrepreneur, it’s not uncommon to face financial challenges while running your business. Cash flow fluctuations, unexpected expenses, and unforeseen circumstances can sometimes lead to running out of money temporarily. However, it’s important to understand that running out of money doesn’t necessarily mean you have a bad business. In this blog, we’ll explore this…
Take these 6 easy 30-60 minute steps to actively manage your cash flow
50% of businesses fail by their 5th year. 82% of those failed businesses say it is because of cash flow. ~ Small Business Administration What the heck is cash flow?! Cash flow for a business is critical to keeping your business going, paying your employees on time, and making sure you have your product available…
How should I pay my vendors, and what the heck is an EFT?
It’s the middle of the month and you know it’s almost time to start paying the bills you’ve received from your vendors. You haven’t been surprised by any of the expenses—you’ve planned for each one and knew they were coming. Great work! Your preparation only leaves you with one question: how should you process each…