I read a post recently on my friend Jean Summit-Riker’s blog titled "Lighten Your Journey with Laughter" where she has this great image of Mother and Baby turtle. The baby turtle is saying to its mother “Are we there yet? Are we there yet?” The statement “Are we there yet?” reminded me of so many business owners I’ve known over the years, particularly when on the eve of a large project. But I've found that doing a financial review throughout the project can help put your mind at ease.
Core Future Growth Blog
A client called me with their ideas for a new product line along with the statement, “We are going to sell widgets to all the widget providers and we aren’t going to focus on the direct sale anymore.” Considering this has been the company’s core business, I took this idea in and said “interesting, and how are you going to cover the time it takes to get this new endeavor off the ground?” Considering that I am tasked with their cash flow management and vendor relations this is a very personal topic for me. Also considering that the cash flow is at a trickle these days, any delay in payments could be devastating for this particular CEO.