Tip 72) Why all businesses should use a Simple Cashflow tracker

Many small businesses decide the health of their business based on how much money they have in the bank. This can be pretty dangerous as it doesn't take into account any upcoming large bills like VAT, corporation tax, personal tax, supplier bills or annual bills. Also it means you don't have an eye on the amount of future business coming in.

For the last 30 years I've kept a simple cash-flow tracker which tells me exactly how much money I will have in the bank in 12 months time if...

...I continue to do the level of business that I'm currently doing and spending at the level I'm spending. At the end of each month I cross-reference it against my bank account, which takes about 20 minutes. It's so simple.

Most importantly, I am totally in control. If I suddenly lost a big client, I can remove them from my cash-flow tracker and see the impact that will have on my cash-flow immediately. 

I have a simple spreadsheet which shows cash in, cash out and balance each month, which I am more than happy to go through with you if you are interested. 
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Obviously I can't do this for free, but would be happy to do it for a £50 donation to HappiMe!

Let me know if I can help.

Jo x
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P.S. Please shout if you need help with this, or join us for one of our online small business coaching groups.