After more than 15 years as a business coach, you would not believe how many times I have asked a small business owner “how is your cashflow?” only to hear, “I don’t know, not bad, I think?”... 🥴 I get it, if you’re a business owner who got into business because they were a great mechanic, engineer, marketing graduate, or frankly, any other skilled professional, the likelihood is you have found managing a business overwhelming! There is so much to think about, and as a result I have found that cashflow falls to the bottom of the pile, if it ever makes it onto the pile at all! So, would you like to know a secret Managing your cashflow is my NUMBER ONE area of focus. 💰
I believe it should be at the TOP of your list, too! 🤩 All decisions should be made based on what that cashflow forecast is telling you… Why? Because that means you are in control. You know what your ingoings, outgoings, debts, profits, losses, and future look like at the click of a button! Managing your cashflow is also a much easier process than you think… Once you have your system set up, whether that be using software such as FreeAgent, QuickBooks, or a good old excel spreadsheet (sometimes, legacy systems are all you need!), it is just a matter of regular data input and updating, either weekly or monthly, which you or a member of your team can do for you! It sounds like a no brainer, right? If you need help, I can help get you set up, and coach you in every other way I know that can help you to build your business… How good at you at monitoring your cashflow? 💰 Is this an area you need some support with?
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November 2024
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