Depending on the industry, new business fail rates can range from 50 to 90%. Of the seven main reasons identified, not surprisingly four are directly related to sound cash management; Cost/ Vendor Management - 19.8%, 25% Business Planning/ OpEx - 25%, Financial Backing - 31% and Cash Management - 37%. In this episode we explore cash management strategies with our expert Annie - focussing on the two most important tools you should utilize - Profit & Loss Statements and Cash Flow Statements.
Annie became received her CPA certification in 1995. After working for such notable firms as Arthur Anderson and HR Block, Annie founded Atlantis Accounting in 2006. For 16+ years her firm has provided comprehensive accounting, tax strategy and financial planning services to a broad array of companies, and Annie herself brings decades of experience and expertise.
To learn more about Annie and her firm, please visit her website at https://www.atlantiscpa.com/, and if you'd like to schedule a no-cost, no obligation consultation with Annie you can do so by accessing her online calendar.