Credit
This clip argues that, since a company's ability to collect its accounts receivable has a direct impact on its cash flow, it's important to establish clear guidelines for payment before extending credit to customers. The clip also looks at establish...
Finding the Right Supplier
This clip talks about the importance of an efficient purchasing and inventory control system. It also explores the relationship between entrepreneurs and suppliers, noting that there are several ways a supplier can help a new business owner, includi...
Who Utilizes Financial Information?
This clip notes that, while the business owner obviously has a vested interest in keeping track of the company's finances, there are other parties who may also need to know about the firm's financial condition. Examples include banks, vendors, suppl...