When you have cash on hand in a business, one part of your treasury reserve strategy should be debt reduction. A balance of working capital, debt reduction, and short-term investment is a much better use of that cash than just a pile of it sitting in a savings account. So how should your business deal […]
Could cryptocurrency fit into your strategy for managing your short-term cash on hand? We’re in the middle of a series of articles about how businesses can best utilize their cash reserves—building a comprehensive corporate treasury strategy. Crypto Basics We believe cryptocurrency can be part of that strategy. Cryptocurrency is a method of banking. Cryptocurrency is […]
Uncommon Banking is our term for using a guaranteed whole life insurance policy as your own personal bank by using the cash value of the policy. If you have been following our work, you have probably heard us mention it—often! It is a powerful tool in personal finance, but it can also be a powerful […]
We have been running into a challenge faced by many business owners lately: what to do with excess cash on hand. From weathering COVID-19 well, PPP funds, and potentially EIDL loans, there are a lot of corporations sitting on excess cash. Previously, we defined excess cash or reserves as cash above what your monthly reserve […]
In our conversations with business owners, a topic that keeps coming up is how to manage excess cash on hand. While we have a lot to say about how to manage the profits of your business, the obvious starting point is savings. How much should you have on hand, and what should it be earmarked […]
When it comes to corporate roles, treasury is not one that gets a lot of attention. But it is this role and the department they manage that guides a company’s strategic use of excess liquidity—your cash on hand. If anything, the importance of the treasury function has grown in this low-interest-rate environment we’ve had over the past […]
It seems like a great problem to have: business is going well and you have built up solid cash reserves. The ideal is to maintain liquidity, but also generate some yield on that money. It’s great that it is there, but you also want to put it to work for your business in a way […]
Some financial planners focus on keeping your money from you until retirement but at Uncommon Wealth Partners, we focus on helping you leverage your gifts to build wealth you can get your hands on before the magical age of 59.5. Running a business is one of the ways we’ve seen people leverage their gifts to […]
It is one of the most famous quotes from business guru Stephen Covey, “Begin with the end in mind”. It’s one of those enduring 7 habits of successful people. It may sound strange when you are starting a business, but succession planning is a very important aspect of a business plan. And it’s impossible to […]
Whether you are just starting out or you are ready to take your business to the next level, sometimes you need an infusion of capital and at that moment, it might be time to consider a business loan. Banks are not in the habit of just handing you money when you ask nicely for it. […]