Creative Accounting - we've heard this term a lot, but what exactly is it and how can we be creative with our accounting methods? In this episode of Common Cents, Jeremy dives into creative accounting, what it is, what it isn't and what the boundaries are around and best practice for business.
This episode, we speak with one of Oxen's client Shawn McIsaac from Oculus Architectural Engineering. Rather than Jeremy answering our financial questions, we ask Shawn how Jeremy and the team at Oxen is helping their business succeed, and why you should consider Oxen as your financial partner.
Cash flow is a very important part of a successful business. But what happens when we have poor cash flow? In this episode of Common Cents, Jeremy dives into the key causes of poor cash flow and what we should be looking out for, or how to make changes in each area.
Cash is king! Cash is the lifeblood of any business. Without cash the business wouldn't survive. In this episode of Common Cents, Jeremy discusses cashflow management - the difference between profit and cash, the working capital cycle and the 7 key causes of poor cashflow.
In this episode Jeremy dives into health - Business Health. Why mindset is so important in business, who needs to be responsible for your business plan, and what happens if you’re tapped out, out of control or having cashflow issues etc? It can sometimes feel like it gets too far out of control, and maybe you’ve lost sight of the future but Jeremy explains how to get around that, both in your business, and in life as a whole.
In this episode Jeremy discusses strategic business planning. Here we learn what a BHAG is, what the mountain analogy represents, and how we get EVERYONE in the team onboard the business plan. It's valuable business advice, right here.
In this episode Jeremy discusses the Business Trifecta - what it is, what it means for everyone in the business, and why it's so important to have all three of these components of the winning ticket.