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Working Capital 301: Optimization Strategies

How to Optimize Working Capital This is part 3 in a mini-series on working capital (check out part 1 here and part 2 here). Let's recap the basics so far: What is working capital? Receivables (A/R) plus inventory minus payables (A/P). Don't forget to include credit cards.​ Why is it importa...

Avoid Cash Crunches with a 13-Week Cash Flow Forecast

13-Week Cash Flow Forecast Let's take a look at one of the most useful tools in all of small business (actually, businesses of any size should be using this). Imagine a financial roadmap for the next three months. That's what a 13-week cash flow forecast is. It's a simple tool to predict your b...

Building a Berkshire Hathaway

Building a Berkshire Hathaway... I've briefly touched on my background but haven't yet shared the full story: my name is Colin and I'm an entrepreneur building a collection of businesses inspired by Berkshire Hathaway. We're actively applying the Profit Mastery tools in our companies and this e...