Manufacturing

Compensation, incentive plans bolster employee morale
Outsourcing to a low-wage country sounds like a great way to save money. But, it won’t work in the distribution and logistics sector, where you need hands-on people. It’s important to keep your best workers by letting them know how much they really earn and developing incentive programs that offer opportunities to earn still more. (8/18/2008)

Five ratios help you manage from the balance sheet
Managing and measuring growth from the balance-sheet side of the company’s books can often generate stronger financial performance. By taking a look at both assets and liabilities, management can ensure that the company’s growth plans do not increase debt and cause cash flow or liquidity problems. (8/4/2008)

Cash flow forecast can help you weather rainy days
Most business owners learn very quickly that there is a big difference between profit and cash flow. This lesson is so important that a failure to grasp its business significance may lead to a failure of the business itself. First, it is important to be clear about what the term “cash” means. (7/21/2008)