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All business owners who are working hard to grow their businesses are more than aware of the constant battle against inefficiency and waste. There’s that subscription service that you’re no longer using, or a business process that just isn’t running as efficiently as possible. Every business has waste and inefficiencies that are slowing down growth. […]
Successful business owners have one thing in common—They actively track metrics to achieve their goals. Learn what metrics to track with our full guide.
Sales forecasting doesn’t have to be hard—and you are the most qualified person to do it for your business. Here’s how to do a sales forecast in a few simple steps.
Learn to run a cash flow analysis and understand how healthy your business is by asking five simple questions about your cash flow statement.
Learn how to create, read, and understand your cash flow statement with an overview of every section and tips when reviewing.
![What Is Accounts Receivable (AR)? [Definition + 6 Ways to Improve]](https://web-cdn.liveplan.com/liveplan/content/uploads/2020/07/17153100/What-is-Accounts-Receivable_.png?format=auto "What Is Accounts Receivable (AR)? [Definition + 6 Ways to Improve]")
Accounts receivable (AR) is money your customers owe you for products or services that you have sold. Find out why AR is important and how to track it.
![What is Accounts Payable (AP)? [Definition + 4 Ways to Reduce]](https://web-cdn.liveplan.com/liveplan/content/uploads/2019/02/17142349/What-is-Accounts-Payable.png?format=auto "What is Accounts Payable (AP)? [Definition + 4 Ways to Reduce]")
Accounts payable is the total of the bills that you have to pay, but that you haven’t paid yet. Here’s why accounts payable matters for your business, and how to manage it.
Cash flow is critical to running a business. Without money in your bank account, you can’t pay your bills. Find out how to calculate and improve operating cash flow.
Long-standing businesses write a business plan. Here’s why you need a business plan to successfully start, manage, and grow your business.
Your cash runway helps you understand how long your business can operate with its current cash reserves. Here’s how that impacts your business and how to calculate it.