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Checking Up on Your Business

I checked out Scott Gerber’s tips on Inc.com. I thought some of the pointers were highly valid so I’ll share a few.

  1. Check your cash flow for the coming 1-2 months. I’m a HUGE proponent of charting and tracking cash flow. If you aren’t tracking it, you could be in deep doodoo. If you are tracking it but do so on a very short timeline, then you could become aware of a huge impending deficit but have NO time to do anything about it!
  2. Strategically plan your sales. This will help you avoid over concentration with one customer or, if it does happen, help you be able to find other customers to lessen the risk within a suitable time frame. Or, if your sales are dropping off, you can figure out the issue and do something about it before it really adversely impacts your bottom line.
  3. Check on what’s working. If something is working really well, run with it. If you don’t pay attention to what works well, you may lose an opportunity.
    Scott_gerber
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About Tiffany C. Wright

Hi! I,Tiffany C. Wright, am the author of the ebook, "Help! I Need Money for My Business Now!!" and the book "Solving the Capital Equation: Financing Solutions for Small Businesses", available on Amazon. I am the president of Toca Family Business Services, a short-term & project-based interim management & strategic and financial advisory firm, located in Atlanta, Georgia. In the past five years I've helped small and medium companies restructure and obtain over $31 Million in financing and a similar amount in purchase orders and contracts. I have an MBA in Finance and Entrepreneurial Management from the Wharton School of Business at the University of Pennsylvania and a B.S. in Industrial and Systems Engineering from The Ohio State University. Personal: I enjoy investing. I am a prodigious reader of everything from business books, magazines, and newspapers to horror and popular fiction. I read 4-6 books per month. I also love to travel. I've been to 33 countries on 5 continents and lived in Japan for 2.5 years and aim for a foreign locale twice a year. I am also an athlete and run track on the Master's Circuit. The highlight was placing 7th in my age group in the 2007 World Master's Track and Field Championships in Italy.

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The Resourceful CEO, Tiffany C. Wright

the president of Toca Family Business Services, a strategic and financial advisory firm which provides short-term & project-based C-level management. She is the author of Solving the Financial Equation: Financing Solutions for Small Businesses, available on Amazon.

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