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An author, speaker, and consultant, Terry H. Hill is the founder and managing partner of Legacy Associates, Inc., a business consulting and advisory services firm based in Sarasota, Florida. A veteran chief executive, Terry works directly with business owners of privately held companies on the issues and challenges that they face in each stage of their business life cycle. Terry is the author of the business desk-reference book, How to Jump Start Your Business. He hosts the Business Insights from Legacy Blog at http://blog.legacyai.com and writes a bi-monthly eNewsletter, "Business Insights from Legacy eZine."
By signing up for Business Insights from Legacy eZine at http://www.legacyai.com/Business_Insights_eZine.html you can keep abreast of the latest tips, tactics, and best business practices. You will, also, receive the free eBook, Jump Start Your Knowledge of Business. Contact Terry by email at http://www.legacyai.com or telephone him at 941-556-1299. Sort By: Date | Popularity
 How to Create a More Positive Cash FlowPositive cash flow does not happen by accident; it happens because a well-defined financial management technique called "cash management" is functioning. A good cash management system helps to efficiently and effectively manage the activities that produce cash. How to More Effectively Convert Your Accounts Receivable Into CashTo more effectively convert accounts receivable into cash it's essential that the credit and collection process be highly efficient in order for you to shorten the accounts receivable cycle time. The shorter the cycle time, the less time cash (capital) is tied up in the business process, and thus... Business Opportunities…how are you Responding to Those That Come your Way?The need to examine and to determine whether or not a particular business opportunity and/or idea has any chance of success prior to financial commitment is critical. How Do you Measure the Risks and Rewards That are Associated With your Business?It is important to determine how much risk you can withstand in a new venture or the expansion of an existing business. Before you even consider launching or expanding an existing business, you need to have strategies in place to offset potential losses or unforeseen challenges. How Do you Sustain and Grow your Customer Relationships?The most important thing in sales and marketing is to attract and retain your most profitable business customers. In order to accomplish this feat... Thinking Inside or Outside the Box… Where are You?Interestingly enough, as a small business owner, "thinking outside the box" is precisely the behavior that inspired you to set off on the entrepreneurial path in the first place. The tough challenge is sustaining your original visionary mindset. The Rules of the Game of BusinessIn many ways, the rules of the game of business are similar to the once popular quiz show of the 50's, the $64,000 Question. The rules are simple, in that, How Do you Differentiate yourself From your Competitor?Competition is a natural and integral part of doing business. How successful you become at competing depends on how you position your business relative to your competitors. What is your Banker's Involvement?An important stakeholder of any business is the bank. Banks are arguably the leading source of capital for entrepreneurs. What is your Swot?An effective tool that assesses and identifies opportunities and risks is a SWOT analysis. A SWOT analysis is a strategic planning tool used to evaluate the strengths, weaknesses, opportunities, and threats involved in a business venture or project.
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