Jackson PayneJul 15, 20203 minOptimizing Performance For Business SuccessAt Wolcott Consulting, our motto is "Maximize Value. Optimize Performance." Our many years of helping businesses optimize their performan...
Jackson PayneJun 11, 20203 minWolcott Consulting, a fractional CFO, shares 7 crisis-management strategies for small businessWolcott Consulting recently published an article entitled "Sailing the Rough Seas of A Cash Crunch" As small businesses struggle to stay ...
Jackson PayneApr 15, 20204 minSailing the Rough Seas of A Cash Crunch and Staying AfloatAs small business owners struggle to stay afloat amid the COVID-19 health crisis, many are swimming upstream in a sea of uncertainty. The...
Jackson PayneApr 14, 20201 minReview your Backlog in Challenging TimesManufacturers especially need to have a firm grasp of their backlog. These companies need to be in regular communication with their custo...
Jackson PayneApr 13, 20201 minSecure Financing During the CrisisYou should start evaluating financing options now, even if your cash crunch has not hit yet. Call your banker and start the conversation....
Jackson PayneApr 12, 20201 minBe Candid with Your LendersProactively engage with your lender and share your action plan and business forecast with them. Allow them to be part of the solution. Th...
Jackson PayneApr 11, 20201 minOptimize your working capitalLook for every opportunity to increase cash. How fast are you collecting on Accounts Receivable? You might need to dial for dollars. Also...
Jackson PayneApr 10, 20201 minCutting costs: maximizing results for greater cash flowDo 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...
Jackson PayneApr 9, 20201 minCreate a Cash Flow ForecastCash 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 ...