Growth is a pivotal goal for any organization. As companies expand, it becomes crucial to manage various operational aspects effectively. One such critical aspect is the management of accounts receivable. Maintaining low accounts receivable days, even amidst growth, is essential for ensuring a healthy cash flow and sustaining financial stability. In this article, we’ll explore some practical strategies to achieve this goal without losing sight of the big picture.
Tag Archives: small business tip
Lean Wednesday Tip: Tax savvy family-owned businesses
“Family businesses allow tax savings through income splitting between parents, children or other relatives.”
Lean Wednesday Tip: Customer Focused Process Improvement
“Effective Lean organizations study their processes from their customer’s point of view and align their processes to meet their customers’ needs the first time and every time.” – Donna Summers
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