PRLog - April 11, 2011 - FEDERAL WAY, Wash. -- If it’s a challenge to keep your small business from drowning in the current economy, Seattle business-performance consultant Terry Corbell provides 11 profit strategies.
Terry Corbell, Business Performance Consultant
“Many small businesses have profit problems, but the good news is not all small firms have cash flow issues,” writes the management consultant (http://www.bizcoachinfo.com)
“For successful small firms, strong cash flow in finance doesn’t just happen," asserts the profit professional.
“They’ve got a system to stay above water,” writes Mr. Corbell. “They plan and swim with precision.”
The Biz Coach checklist includes 11 strategies, but they’re far-reaching. They range from marketing, and how to avoid burnout to the two Ms of cash flow (monitoring and managing).
His other suggestions include:
“When feasible, use the three Rs – recycle, reuse and reduce,” writes Mr. Corbell.
“Unlike a large business, you don’t have big cash reserves and customer base,” he says. “Leverage all the possible money-saving tools in your business and personal life.”
“Look for opportunities to multiply your sources of revenue,” he adds. “That includes buying out competitors, especially, if you get a favorable price, terms, and valuable talent. Check with your CPA to see if a leveraged buyout is workable. You’ll save cash flow”
His full analysis – “Checklist to Keep your Small Business Floating above Water” –
To read his step-by-step solutions for a company turnaround: http://www.bizcoachinfo.com/
The Biz Coach site provides countless free strategies for business performance, in Planning, Operations, Marketing/Sales, Finance, Public Policy, Tech, HR and Wall Street.
Mr. Corbell fully understands workplace diversity and cross-cultural communication are necessary for good business (he holds Tribal Citizenship in the Cherokee Nation).
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Seattle Biz Coach Terry Corbell is a business-performance consultant and profit professional. As a longtime columnist, he publishes performance-