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Land dissection and burial companies may not be the sexiest small business idea when compared to, say, a web startup or a local coffee shop. But private companies in these areas tend to have the healthiest cash flow, according to new data from Sageworks, Raleigh, N.C. based financial data company.
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For those looking for new businesses, companies with a solid and solvent track record can be a good place to start. Sageworks used the highest average current ratios to create a ranking of 12 businesses with healthy cash flow for the year ended August 31, 2014. [See list below.]
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Cash flow is a key indicator of financial strength because if a company has enough cash, it is likely to meet its short-term obligations, such as accounts receivable and employee wages.
Sageworks analyst Jenna Weaver says listed companies “have the ability to pay their bills and are generally cash-flow positive.” She adds that while these businesses aren’t necessarily fun or cheesy, it’s helpful for anyone to understand why certain industries or business models tend to be more solvent than others.
After estate planning and death care services, this year’s ranking also includes grocery stores, real estate companies, clothing stores, liquor stores, gas stations, dry cleaning and laundry services, specialty food stores, employment services, health and personal care stores. and investigative and security services.
Land subdivision companies divide land into parcels to make it easier to sell the property. Weaver explains that its higher rating may reflect the strong recovery in the real estate/construction market since 2009.
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The rest of the results show themes: half of the list represented the retail industry. While giants like Walmart are known to operate at a low current ratio due to their ability to quickly turn inventory into cash, small private retailers may have difficulty predicting consumer behavior and may therefore stockpile to meet unexpected consumer demand. Weaver explains that the ability of these smaller businesses to then turn those inventory levels into accounts receivable and accounts receivable into cash is key. She also says that a third of the industries on the list are service-related businesses, which typically have less or no inventory needs.
While every industry operates in different business cycles and models, when brainstorming solid business ideas, you should always keep solvency in mind.
“Often when companies fail, they fail because they can’t manage those metrics and generate positive cash flow,” says Weaver.
It is important to note that too high a current ratio is not always ideal. A company wants to keep enough cash or liquid assets to cover its short-term debts, but it doesn’t want to borrow too much cash or inventory to keep its assets productive for the company.
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Chirag Vedullapalli, 16, helped organize the Seattle Kids Business Fair at the Crossroads Bellevue Farmers Market on Tuesday. (Photo / Kurt Schlosser)
The weekly farmers’ market at the Crossroads Mall in Bellevue, Wash., drew a host of additional vendors Tuesday as dozens of young entrepreneurs showcased their offerings at a children’s business fair.
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Between the usual booths of fruit and vegetables, snow cones and wood-fired pizza, children between the ages of 5 and 18 were squeezed in, selling everything from pet supplies and jewelry to paintings, photographs, beauty products, toys and other homemade goods. Some booths simply offered games as an attraction, while others marketed services such as dog walking.
The exhibition has been held in many cities across the country and is the creation of Acton, which runs the academy’s schools and MBA program. Chirag Vedullapalli, a 16-year-old junior at Mount Si High School in Snoqualmie, Washington, helped organize a version of Crossroads through an organization he founded called Creative Children for Charity.
It’s a really great opportunity and platform for kids to take their hobbies and interests and see if it’s a viable business idea.
On Tuesday, Vedullapalli and several teenage volunteers and others worked in the tented parking lot where the fair was set up. They included Sofia Ojeda, Toby Hatch, Tyler Thompson, Grace Swann, Tatum Dalglish, Riordan Roche and Chaitra Vedullapalli. While he himself appreciates nonprofit work, Vedullapalli said many kids just want to start a business and “make a lot of money.”
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“I’m very excited about this event,” said Vedullapalli, whose entrepreneur parents run Meylah, a company that helps small businesses get online. “It’s a really great opportunity and platform for kids to take their hobbies and interests and see if it’s a viable business idea.”
Matt Williams, founder and CEO of Pro.com, who previously served as CEO of Digg and an executive at Amazon, knows a thing or two about running a business. So his three children participated in the exhibition.
“All the kids have started their own little businesses in the past trying to sell different things,” Williams said. “At the age of 6, 7 and 8, I was a child entrepreneur, building businesses in our home. I set up a bank, except my bank didn’t pay you interest, but charged you interest for holding your money. A different kind of bank!
Williams said it was especially fun to see each of his kids create profit and loss statements, adding in the spreadsheets what materials they spent to buy and what they should sell.
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The fair, which doubles as a competition, ran throughout Tuesday afternoon and at the end of the day awards will be presented, including best presentation, best product, best stand presentation and a people’s choice award, voted for by customers who shopped at the fair. .
Raj and Veer Khandpuri, seven-year-old twin brothers, sold small boxes of sweets modeled after sushi. They had candy sashimi and spider rolls along with California and Philly rolls, both of which were popular items on Tuesday.
Aurora Evanoff, an 11-year-old sixth-grader at Islander Middle School on Mercer Island, ran Aurora’s Pet Shop, where she sold handmade cat and dog toys and treats, as well as monogrammed food and water bowls.
“My pet store only sells reusable, recyclable or compostable items that are designed to keep your pet happy and healthy for a long time,” said Aurora, who donated 10 percent of her proceeds to the Seattle Humane Society. “They’re all pet-tested and pet-approved.”
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Sabina Gomez, a 14-year-old home-schooled ninth-grader from Mount Vernon, Washington, was standing in front of a skin care desk.
“They’re made from a completely organic food grade material, which is really nice because I use coconut oil, beeswax and cocoa butter, and it’s cool that the stuff helps protect your skin, improves skin tone and elasticity. . They also help with antibacterial and antifungal agent.
She offered four scents in small tins for $8 each: Cocoa, Relax & Dream, Rosemary & Peppermint, and Lavender.
Isaac Hsu is a sixth grader at Rose Hill Middle School in Redmond, Washington. At 11, he says he’s been an artist for about a year and has been offering his work under the name Panda.
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His spray paint and stencil designs included panda bears (his favorite), the Space Needle, an octopus, and more.
Cassia Williams, 12, is a seventh grader at Lakeside School in Seattle and started taking pictures when she was about 9 years old and has been taking pictures ever since. She shoots most of her photos with a Canon Rebel T5, and on Tuesday she stood among images big and small of everything from sunsets and Seattle’s waterfront to close-ups of the Space Needle and flowers.
Last week, she traveled to Oregon to see the solar eclipse, and she had the dramatic photos to prove it.
“I took one of them when it was full, and I took the other one with a filter that my dad made out of a piece of cardboard and a sock,” Cassia said.
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“I make bird treat cookies and slime and treasure hunts in a jar,” said the versatile entrepreneur, who clearly made the most of the bag of bird seed among the attendees.
Kellan Williams, 9,
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