I've been getting asked a lot about Cash Flow at the moment. I thought I'd share a few videos with you on a few tips on cash flow management. The first one is about understanding your business as a whole. What is your vision? Transcript: If you don't know where you're getting to how do you know you've actually arrived? Often refer to it about a sailing ship, if it can see the land in front of it, it heads straight there and gets there quite quickly but if it can't it often will veer off to the left and veer off to the right. It does get to the destination but it takes a lot longer to get there so it's really important to know what your vision is for your business. Another thing that often happens is that people chase after money, so they'll take any sort of work just to get the cash into the door but at the end of the day, they're very exhausted and it's really not achieving what they need to achieve. You need to take a look at the big picture and have a solid plan and this is going to help with your cash flow. Owning a small business is an exciting challenge. However, it is easy to get sucked into living day to day and lose direction. By focusing on the 5 main areas of business growth you can grow a business that will allow you to live the life you want.
So if you feel like your business is growing faster than you can keep up, email [email protected] to organise a free chat.
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AuthorLynne Spalding, founder of FCS, spent more than 20 years working in an Accounting practice before founding Financial Controlling Services in 2002. She brings more than 35 years of experience in accounting to each client. Categories |