BIBLIOGRAPHY
Bolles, Richard. What Color Is Your Parachute? Ten Speed Press,
1999.
Jarvis, Jessica. ‘‘Trends in Career Planning.’’ Personnel Today.
17 January 2006.
Kanchier, Carole. Dare to Change Your Job—And Your Life. Jist
Works, 1995.
Komisar, Randy. ‘‘Goodbye Career, Hello Success.’’ Harvard
Business Review. March 2000.
Lees, John. ‘‘How to Plan Your Career in 2006.’’ Personnel
Today. 31 December 2005.
Randall, Iris. ‘‘Take In the Whole Picture.’’ Black Enterprise.
February 2000.
Ream, Richard. ‘‘Changing Jobs? It’s a Changing Market.’’
Information Today. February 2000.
U.S. Department of Commerce. Bureau of the Census.
Nonemployer Statistics: 2003. October 2005.
U.S. Department of Labor. Bureau of Labor Statistics. Number
of Jobs Held, Labor Market Activity, and Earnings Growth
Among Younger Boomers. 25 August 2004.
Hillstrom, Northern Lights
updated by Magee, ECDI
CASH CONVERSION
CYCLE
The cash conversion cycle (CCC) is a key measurement
of small business liquidity. The cash conversion cycle is
the number of days between paying for raw materials or
goods to be resold and receiving the cash from the sale
of the goods either made from that raw material or
purchased for resale. The cash conversion cycle measures
the time between outlay of cash and the cash recovery.
The cycle is a measure of the time that funds are tied up
in the cycle. The CCC measure illustrates how quickly a
company can convert its products into cash through
sales. The shorter the cycle, the more working capital a
business generates, and the less it has to borrow.
Effective management of the cash conversion cycle is
imperative for small business owne ...