Improve Working Capital Management Working capital is the lifeblood of your company. The excess of current assets over current liabilities, it has the power to create or destroy value. Three key components of working capital are inventory, accounts payable, and accounts receivable. By reducing the cash conversion cycle – a key metric monitoring the length
Successful business owners identify their competitive advantage and their “unique selling proposition,” or USP. Their USP is what distinguishes their business in the marketplace and separates it from competitors. What’s your business’s unique selling proposition? What’s special about your product? How does your product or service solve a specific problem or fill a critical
Why Should Your Business Model Include Recurring Revenue? Most successful businesses have a mix of one-off sales and recurring revenue. Unlike one-off sales, recurring revenue is stable and occurs at regular intervals with a high degree of certainty. As a result, it is a strong foundation for your financial and strategic business plan and
