AG -Sunday News, August 31, 1980 editorial page Changing tastes. Managing your business cash By FRANK WATTERS Cheques received should be withdrawals should where the money will come : Federal Business deposited in the bank as correspond, with provision from to fill them. Tastes in newspaper-reading are changing. Development Bank soon as possible. made for cheques which _ That’s one of the conclusions to be drawn . have been issued but have A cash flow forecast from last week’s dramatic shake-up in the daily newspaper field. “Economic necessity” is the reason given It is not uncommon for a business to make a profit and yet be in some _ trouble because it doesn't have the (2) Care should be taken that the amount set as a petty cash reserve should not reached the bank. usually is prepared for a year on a monthly basis, although Beyond these basic checks =! can be revised if required ; always be there in either and balances. however, a by developments. It will by Canada's two giant newspaper chains — ready cash to pay its current cash or vouchers. cash flow forecast should be Show expected revenue. Southam and Thomson — for the abrupt bills. prepared to obtain a when products are sold if the killing of the money-losing Ottawa Journal The answer to this (3) The records of the reasonably good idea of business is a seasonal one. and Winnipeg Tribune, two of the country’s seeMing paradox istoensure business and the bank’ what the cash needs will be, what Proportion of sales are oldest and most prestigious dailies. These there is enough money on records of deposits and when they will arise, and on credit, with. terms, hand to meet expenses and bills when they come due. It is true that keeping too much cash on hand means that the resources of the business will not be used as and related moves have now established chain monopolies in Montreal, Ottawa, Winnipeg and Vancouver, the first three cities being reduced to a single English-lan- guage daily apiece on the grounds that they proportion of customers who meet their obligations and proportion of receivables which might be delayed or never collected; and when raw materials must be can no longer support two such dailies. profitably as possible since purchased and terms of Vancouver, for the moment, still has The surplus cash in the tll Is suppliers. doing but sitting there. But it also ts true that cash for a business operation is like many other things: It's better to have too much than too litthe. However, it ts better stll to have the right amount and to determine as accurately as possible just what that right amount is. There are a number of ways in which cash coming into a business can be controlled: (1) Cash register and tape balances should correspond. Sun and The Province, both now owned by Southam. But there’s no guarantee, with ever-rising costs, that Vancouver, too, will not eventually become a single-daily city — as happened earlier this year in Victoria. Meanwhile, it’s no secret that community newspapers like the North Shore News/Sunday News have begun to boom all over North America during recent years. They cover the local scene — the important things closest to home that concern the individual reader — in much greater detail than is possible for a metropolitan daily. And independent local ownership (as in the case of The News) fosters a personal rapport with readers that huge chains can never achieve. At the same time many people are depend- ing more and more on radio and TV for their day-to-day diet of fast, easily digested news of the world outside. Lacking the natural advantages of both the A cash flow forecast may Show that at certain times the business will not have the sufficient cash on hand to meet its bills. In that case, arrangements should be made in advance with the business) bank to ensure adequate cash 1s available when needed. No matter how long it takes to prepare, a cash flow forecast can be most helpful -~ in planning for the future of any business. “Admit it, Myrtle, you're cranky today. Now what Is it?” sunday brunch Development Co. Lid., 272 Free country He did nothing iNegal. 1c 1S a free country whichisanllam to? pm tighhghtof West Van's Coho which you can enjoy at the maintained Porsche in their respective Classes take his Ferran Dane toa old Inglewood School But they claim the North Shore At least the PHO: people wont have tar to walk for community press and the rapidly expanding Noel Wrich vouver VAC 1S4 phone electronic media, the traditional big-town by oe rig t bx9-8411 or 980-4541 You chain daily appears to be finding increasing and your neighbors had difficulty in defining its most profitable better keep the address function. SELL-OUT: They dont vintage and contemporary suitable alternative ac hanes Those cart snaking intend to waste any fish at models, and to compete for | commodation meluding Continue for another two the huge salmon barbecue the best restored and or the offer of a portion of the months WELL DONE, North Van Festival today (Sunday. In his) very. first ap Health Unit dragged ts feet students Carolyn Fenske. The thing we liked most in last week's August 31) tn Ambleside pearance at the event Peter and by the time the move David Kulak, Rob Lazenby, story about the man who jumped off a B.C. Park Festival co-chairman won first place im his class of was imminent. Bip Mac's Linda Haering, Thomas Ferry and swam ashore was Per Danielsen telly me | Porsche 9125. 1965 O49 atte was the only place Stevenson, Bernadette they ve bought 1.100 pounds Watch oul next year for him available ina hurry Whelan, Johnny Luda. of the succulent seafood toenter his Porsche 9240 or Henrtk Bruusgaard, Salim Ebrahim, Janice Quiring and rate of $4 per six ounce competition for radar breed lune bh Gall Powell each awarded > . sersing That works out at Ah the burdens of at 1 $150 bursary for scholasus cs a « just under ) O00 servings oF Nucnee West Vans growing army achevement leadership and sunday a8 about six per minute over ot UBO students wall soon be character from the North ; the capht hour periwod Numerous West Noam helping to choy the bridye Van District Cemennial = Howerer uf they look like clients oof the do wal Pubhic againas they commute daily foundation at last weeks og hasing havin : i ‘ , north shore ar 1139 Lonsdale Ave ‘ K 1 Koany deft oon Health Offtee ta bean hh of tO Porm Gorey on private cars District Council meeting i , North Vane ouver 4 6 than hands by around 6 the North Shore Health t nic Dundatave mother of stud And a smart salute ta North | Vy VIM OhHIA pom they plan to sell off the are up on arms at scems ents Mbrteam Mac Dougall Van Cadet Scenery Slater ? ‘ _ « . ’ . (604) 985-2131 surplus to the first comers at over last week s move of the thinks wealthy West Van 47 fo oth 103) Royal . Ly ¢ . Ay rs NEWS ADVERTISING CLASSIFIED CinCuLATION aomodest $4 a pound Juss PHO) trom the baseine nt of Should be athe to des at lease Canadian Aut Cadet s ny 3 : SS . ¢ . . . : 985-2131 980-0511 986-6222 986-1337 ome btthe port to remember Uhre rar tpad fall be ume asomuch for them as North Squ idron whe won the Best - . ‘ at owaill be frozen salmon Chart upper floor of McDonald's Nan Goes by providing a ( adel { Band Company ‘ ae o anne ‘ Publisher Peter Speck has been defrosted sa hamburger stand in the 1400 fast Dus service three Me. aQard atthe L980. Vernon are i ‘ Associate Publisher Editor-in Chief Advertising Director you Th have to Cook amd cat in blowk Marine The vanvage danly Gbreot te aod from the Army Cadet Camp where tk - ’ . Rober Graham Noet Wright frie Cardwell within the next 24 tours Where a Tast bowel char RET UN and ste s tuasy ompleted oa seven week Aside frou thie eruthet as mt be conan tn cobb tinp sapatures bor oa ' . 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