“The Business Doctor” was compiled by Mac Leask to assist the business decision maker with relevant ideas to improve business profitability and cash flow. On each page,”Warning Signs” can alert the business owner to potential problems while “Steps to Improve” offer starting points for potential solutions. Topics appear below, arranged alphabetically under key business and financial headings.
- Cash
- Accounts Receivable
- Inventory
- Accounts Payable
- Notes Payable and Long Term Debt
- Equity
- Cost of Goods Sold
- Administration Expenses
- General Business Practices
- Income Taxes
- Prepaids, Deferred Charges, Intangibles and Other Assets
- Process Improvement
- Property and Fixed Assets
- Revenue
- Salary Expense
- Selling Expenses
>>Cash (1 of 3): Preventing Loss
>>Cash (2 of 3): Speeding Cash Flow/Cutting Costs
>>Cash (3 of 3): Raising Cash/Increasing Cash Flow
>>Accounts Receivable (1 of 4): Control
>>Accounts Receivable (2 of 4): Extending Credit
>>Accounts Receivable (3 of 4): Speeding Collections
>>Accounts Receivable (4 of 4): Handling Difficult Collections
>>Inventory (1 of 2): Controlling Cost & Quality
>>Inventory (2 of 2): Inventory Loss And Observation
>>Notes Payable and Long Term Debt (1 of 3): Plan Your Borrowing
>>Notes Payable and Long Term Debt (2 of 3): The Banking Relationship
>>Notes Payable and Long Term Debt (3 of 3): Stretching Your Cash / Minimizing Borrowing
>>Cost of Goods Sold (1 of 2): Buy Right & Save
>>Cost of Goods Sold (2 of 2): Cutting Overhead
>>Administration Expenses (1 of 6): Cutting Administration Expenses
>>Administration Expenses (2 of 6): Cutting Insurance Costs
>>Administration Expenses (3 of 6): Cutting Interest Charges & Legal Expenses
>>Administration Expenses (4 of 6): Cutting Supply & Telephone Costs
>>Administration Expenses (5 of 6): Printing, Rent & Misc. Costs
>>Administration Expenses (6 of 6): Training & Utility Costs
>>General Business Practices (1 of 3): Providing Business Leadership
>>General Business Practices (2 of 3): Monitoring Your Business / Key Statistics
>>General Business Practices (3 of 3): Controlling Expenditures / Cutting Costs
>>Prepaids, Deferred Charges, Intangibles and Other Assets (1 of 1)
>>Process Improvement (1 of 2): Improving Processes – The Key
>>Process Improvement (2 of 2): Improving Processes – Steps That Work
>>Property and Fixed Assets (1 of 3): Space
>>Property and Fixed Assets (2 of 3): Equipment – Part 1
>>Property and Fixed Assets (3 of 3): Equipment – Part 2
>>Revenue (1 of 5): Sales / Profits
>>Revenue (2 of 5): Profitability
>>Revenue (3 of 5): Marketing to Grow
>>Revenue (4 of 5): Selling
>>Revenue (5 of 5): Dealing with Hard Times
>>Salary Expense (1 of 2): Improving Productivity
>>Salary Expense (2 of 2): Cutting Costs
>>Selling Expenses (1 of 3): Cutting Discretionary Selling & Advertising Expenses
>>Selling Expenses (2 of 3): More Efficient Marketing
>>Selling Expenses (3 of 3): Cutting Travel Costs
The ideas presented in The Business Doctor are offered as general suggestions and should not be applied to your business without further investigation and/or professional assistance. As “Advisors to Achievers”, we are available to consult with you on all aspects of managing your business. Call Mac Leask (Ext. 223) or Wanda Toth (Ext. 224) at 1-888-LEASKPC (532-7572) or e-mail them at mac@leask.com or wanda@leask.com to initiate discussions.