Blogs NetProfit - Grow Your Business at 10X

Five Key Stages of a Turnaround

Here’s a description of the five key stages of a turnaround.

Nonprofit Fundraising During a Pandemic

Regardless of how strong their financial situations were at the beginning of COVID-19, nonprofits in every sector are experiencing unique fundraising challenges due to the pandemic. Social distancing guidelines and statewide limitations on large gatherings are leading...

The 13-Week Cash Flow Forecast & COVID-19

Over the past several weeks, there has been a lot of talk about the 13-week cash flow forecast as a strategy for getting ahead of the COVID-19 Recession. News outlets, financial advisors, and management consultants have all suggested employing this technique, which is...

Post-Pandemic Business Tips

The post-pandemic business world will look different than it did six months ago. With this in mind, there are strategies businesses should be employing now to ensure they are successful moving forward.

COVID-19 Struggles for Reopening Businesses

Many businesses reopening after the COVID-19 shutdowns will experience some of the same struggles. Here are some effective methods for overcoming the most common challenges moving forward.

Let Us Be Your Accounting Department

So you have taken the plunge and established your own company, hired a professional to create your brand, rented an office and hired your team. But in order to save costs, you are doing your own accounting to save money. As the months go by, your business is requiring...

Measuring Employee Performance

Having an employee performance evaluation system is important for all companies. How do you promote and develop the “best and the brightest,” if you don’t have a reliable way of identifying them or comparing them to others in and outside of your company? It’s...

Cash Flow Management: What you need to know

By adopting and implementing a system of monitoring, analyzing and adjusting cash flow, a company can avoid cash shortages, while having a plan in place should a problem occur. In its simplest form, cash flow management enables companies to gain control of...

Cash Flow Management (Managing Accounts Payable)

Managing accounts payable is an important component of cash flow management. We have a different view on cash flow, as it relates to accounts payable vendors, than most people do. We recommend that your vendors be treated in the same manner as your...

Cash Flow Management (Your Banking Relationship)

The relationship with your business banker is a very important aspect of running a successful business. How is this applicable to cash flow management? The answer lies in the fact that if you have a line of credit, business loan, or any other type of...

Management By Walking Around, (MBWA).

MBWA, is a term from the 1980's best-selling business book, "In Search of Excellence," by Tom Peters. It was a groundbreaking book in business management. Because I believed in the method introduced in the book, I became an advocate and believer in this...

Come Experience The Net Profit Advantage

Why do companies choose to work with us at Net Profit? In many ways, the answer is actually quite simple. We offer more than thirty years of relevant and practical experience in several industries such as wholesale and retail, automotive, manufacturing and...

The unquantifiable expense

What is the unquantifiable expense? Throughout my years in business, I have had an opportunity to work with and manage many companies. One day when I was out in the front office of a client just observing, something dawned on me, some employees were on cell phones,...

Basics of nonprofit management

All non-profit organizations should have a mission statement, corporate by-laws, board of directors’ governance guidelines, and a systems and procedures manual. Most large non-profit entities have these items in place, and if they do, they should review...

Motivating Employees Can Be Key to Success

Motivating employees is one of the most important, yet often overlooked, function of running a company. Studies and research have shown that money is not the top motivating factor for employees. What motivates employees the most? A sense of feeling needed,...