Cash-Flow Estimates Can Help Owners See Need to Cut Own Pay
The Record, Bergen County, NJ › December 30, 2009
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Summary
Q. I manage the accounting department of a small family business that is teetering on the brink. The founders are taking their usual compensation, but the business can't support it. We're laying off support staff, but the problem is at the top. My bosses don't seem to want to listen to my concerns. How to get their attention?
In the current economic climate, this is not an uncommon occurrence. Many companies that have experienced historical financial success have been stressed financially because of falling revenue and rising expenses such as salaries, health insurance premiums and rents.See the full content of this document
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Cash-Flow Estimates Can Help Owners See Need to Cut Own Pay
Most of these companies developed an overhead and operating infrastructure to support much higher revenue levels and when they were faced with steeply declining revenues, the...
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