EmpressofBiz, Biz Tips..Financial Terms..Cash Flow

 Financial Term: Cash Flow...what money comes into the business...and what goes out. Often feels like a lot more goes out than comes in. 

Cash Flow...The money that comes in from sales of product or services. It can be in the form of Cash, credit cards, debit cards or checks. You can be receiving money daily through your business, especially if you are retail, or you can be receiving  it after you have invoiced or billed your customers. 

An indication that a company is in trouble is when your CASH flow IS always LOW.

In other words what you are paying out is MORE than you are bringing in.   When this is happening.... you need to immediately LOOK at your business and review your marketing and pricing structure.  

Need help?  Give us a call at 412-440-6969.  S. I. Business Associates has been guiding small business to success since 1975.

EmpressofBiz, Biz Tips: Reflection...what are you in business for?

Sunday Biz TiP: Reflection Time: 

What are you in business for? 

To make a difference in your community? 

To make money?

To be independent?

Become wealthy?

Build Security? 

Be creative?

Be innovative?

To Help Your Family?

 It is important to know your "reasons'" for STARTING and BUILDING a business.
 When your business model strays away from the reason you are in business...this is when you become unhappy. The business is your creation...make sure it is what you want.

Need to sort out what is going on in your business and keep on track...give SIBA a call...we have been guiding small business to success since 1975.  We know from our own personal experience what it means to create the business you want.  412-440-6969.  

Ola Jackson, Founder and CEO of OWN, The Onyx Women Network was my guest on the Empress of Biz on Thursday February 21...click link below.  She had started her business as a way to deal with a family crisis and has invaluable advice and an inspiring message to share. Listen Learn and Proper with the Empress of Biz and Ola Jackson.

Listen into one of Talk Shoe's popular business radio shows as I share with host JoAnn Forrester how and why I started my business over 21 years ago.http://www.talkshoe.com/talkshoe/web/talkCast.jsp?masterId=80050&cmd=tc

EMPRESS OF BIZ! Listen! Learn! Prosper! - Live & Recorded Episodes

www.talkshoe.com

JoAnn R. Forrester is founder, president and owner of S I Business Associates, a business growth management firm established in 1975. Over 75,000 hours of experience in teaching, consulting, financing, human relations, speaking, writing and business development classes, writing and public relations,...

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Adversity makes us STRONG

I am a Pittsburgh Steeler fan, and have been rejoicing that we beat the New York Jets and we are off to a 7th Superbowl. This team is like the city it thrives on adversity. Tell us we cannot do it...tell us the odds are against us ..we are the under dog..and we are going to find a way to beat the odds.

Small business people are like the Pittsburgh Steelers, we thrive on the odds being against us. We usually start with the cards stack against us..do not have the 'franchise player's.. or the huge contracts and vast cash reserves...yet somehow we survive and make it flourish. The past couple years have been difficult and many business have not made it, including some very big ones. Lessons have been learned and it is time to use those lessons to build a stronger business and future.

One of my most resilient clients, a woman owned contracting company, besides the lesson of managing money, the most important thing is managing employees. Her employees made all the difference in her business. They have looked for ways to constantly improve the company, be competitive and cost efficient. Her next challenge will be to reward the employees appropriately. We are working with her on establish a bonus plan based on her break even point and the growth of income in the business.

The recovery is here... slow... but it is here. Start thinking of what you have learned, write it down, share with colleagues and employees. Then work on the growth strategy of how you are going to build your "new business" in the new economy.

Tip of the day: Take an inventory of the business..not just counting things..but put down all the information pertaining to your business in one place and have back up copies off site.

For a business review check list give us a call at 412-440-6969

Make it a positive day folks and go Steelers!

Daily Thought: December 31 Thank You

It is not WHO you know...it is WHO you know who is willing to stick by you through "thick and thin". Thank you to all my friends, clients and associates who have made a difficult year a lot better by just being a friend.
Happy New Year to all! May 2011 be a FANTAST year.
JoAnn R. Forrester
Empress of Biz--Reinvest Yourself in Rugged Times
S. I. Business Assocates

EmpressofBiz Show Sanna Carapellotti Hpyno-Therapist Golden Fork,Hypno Dining

You are ..How you eat...unfortunatley HOW you eat does not always make the best you. We eat for for two major reasons. One because we have to stay alive. Two. we eat for emotional reasons, such as the good feeling we get when we are socializing with friends, and then we eat when we are bored, stressed, rushed, overwhelmed, cranky, mad...you name it. Our lifestyle of fast food, fast eating and gulping everything in sight is creating an epidemic of obesity. We all know that. But what do we do to stop i?. Sanna Carapellotti, MS, CHt is a Hypno-Therapist who excels in helping people live and perform at their best level. Sanna is introducing a new program The Golden Fork -Hypno-Dinning. She has developed a series of techniquest that will restore the pleasure in eating without adding guilt and calories. Learning to eat slowly and joyfully is what her program and this episode of the Empress of Biz is all about. Sanna will offer her Golden Fork program on Tuesday a from 7 to 9:30 pm on Tuesday February 23at the James Street Center located at 327 S. Main Street in the West end of Pgh. To find out more/Rsvp give her a call at 412-344-2272 or visit her webiste at http://www.mentalperformances.com/.
Special Offer to Empress of Biz listeners. When you register you can bring a friend, spouse, neigbor, colleague for 50% off. Save money and learn to eat in a balanced manner.