At Wolcott Consulting, our motto is "Maximize Value. Optimize Performance." Our many years of helping businesses optimize their performan...

Wolcott Consulting recently published an article entitled "Sailing the Rough Seas of A Cash Crunch" As small businesses struggle to stay ...

As small business owners struggle to stay afloat amid the COVID-19 health crisis, many are swimming upstream in a sea of uncertainty. The...

Manufacturers especially need to have a firm grasp of their backlog. These companies need to be in regular communication with their custo...

You should start evaluating financing options now, even if your cash crunch has not hit yet. Call your banker and start the conversation....

Proactively engage with your lender and share your action plan and business forecast with them. Allow them to be part of the solution. Th...

Look for every opportunity to increase cash. How fast are you collecting on Accounts Receivable? You might need to dial for dollars. Also...

Do you have a company budget? Do you review that budget monthly versus actual expenses? If so, this will give you a leg up on knowing wha...

Cash is king, but most small businesses do not have a forecast of their future cash flows. In a time of crisis, it is paramount that you ...