Creating a cashflow is mostly the application of sound business reasoning and a goodly dose of common sense. It can be fairly straight forward! This statement may surprise many people. If it has gained your attention, please read on! 

If cashflow planning is so straight forward, why is it that so few businesses actually prepare a Cashflow Statement? AND of those that do, why is it not constantly refined and adhered to? Cashflow is after all the LIFEBLOOD of any business. Without cash a business cannot operate. The business landscape is literally littered with profitable business who have failed because of poor Cashflow.

If you do not want to be one of these statistics than Cashflow planning is crucial.

This is how you do it!

Set the rules of the game of business.

  • Establish and stick to your terms of trade. Make sure all customers and all employees understand this.
  • Do not be afraid not to do business with some customers. Its business on your terms.
  • Bill promptly, collect quickly and pay slowly
  • Establish payment terms with your suppliers that are longer than the terms you offer customers

Understand the key drivers that impact Cashflow

Allow for unforeseen circumstances

Create an Income and Expense Budget

Create a Cashflow Budget

Monitor your Cashflow weekly 

Use all the resources available to you to "get it right"

Make Cashflow a "habit"
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