Cashflow Strategies

FREE DOWNLOAD : 3 THINGS YOU CAN DO DAILY TO IMPROVE CASHFLOW

Are you constantly being kept up at night worrying about the cash in your business?

Not taking a wage yet, but need or want to?

Take back control and confidence when it comes to your cashflow in as little as 20 minutes a day. 3 things you can do daily in your business to ensure you establish the right habits to move the money blocks and create strategies that work! PLUS a some bonus habit suggestions to establish the right money management for financial abundance.

S3EP40 : DON’T DISCOUNT THE POWER OF THE BANK RECONCILIATION

Bank reconciliations .. many have heard the term and others haven’t.  But regardless of which camp you reside in right now, as a business owner, it’s one thing you need to be aware of.  With all the automated systems we have available to us, performing a bank reconciliation now is as easy as the press of a button, literally.  But regardless of the simplicity of it, it comes with a warning … just because it’s automated, doesn’t mean the information contained within it isn’t important to know and to know regularly! I know I say this a lot .. but business is all about 2 pieces of paper.  Invoice in and invoice out.  These two little pieces of paper, can make or break our cash situation and the value of these two pieces of paper, are found on the bank reconciliation. So I wanted to take a moment to talk more about the bank reconciliation and the importance it plays as a daily reminder to all business owners, that your bank reconciliation pays tribute to the way you run your business. 

S3EP39 : WHEN THERE IS MORE TO CASHFLOW THAN SALES

I recently polled a number of business owners and asked them to explain in their own words what cashflow meant to them. An overwhelming 95% of those that I polled told me it was sales.  When I dug a little deeper to see whether they had an extended version of their understanding of cashflow, 87% of the 95% stuck with sales. I can appreciate that sales plays an extremely important part in cashflow of small business.  But the trap I’m seeing over and over is that many business owners are disregarding the other significant aspects of cashflow. The reality, cash moves even if no sale is made … so why aren’t we focused on ensuring that we manage it just as effectively? Join me as I work through the common mistakes business owners run into when they make sales the only focus when addressing their cashflow needs. A x

S3EP27 : PROFIT VS CASH

In my experience all too often business owners fail to see the disconnect between their profit and their cash. You see whilst one drives the other … ie: profit should improve cash, there is a distinct timing difference that many fail to understand through this process. It is here that I find that many business owners become disheartened and often confused when their bank account doesn’t look like their profit figure. But there are reasons for that! So in this episode, I wanted to explore this distinction along with discussing some of the pitfalls of thinking that they should. Be sure to take a listen to this one. A x

S3EP19 : WHY CASH SWEEP ACCOUNTS ARE A LIFESAVER

On this episode, I explore the strategy of cash sweep accounts and how they can be useful in providing cash support for your business. I've been using this term for so long now that I'm not sure whether I coined the phase myself or if I heard it from somewhere else. So apologies if I haven't appropriately sited the right source. In essence when used correctly cash sweep accounts can eliminate the overwhelm we feel as business owners around our cash obligations and remove the sleepless nights that often come with small business and lack of cash. Sounds like something you may be interested in learning more about … take a listen x

S3EP15 : RECOVERING CASH ON YOUR OWN TERMS

All too often I work with clients who primarily want to improve their cash situations in their businesses. And one of the key strategies that provide support in this area is a review of client payment terms. In this episode I explore some key elements that make up a robust payment term strategy and discuss ways to ensure you are receipting payments in on your terms. After all, it is your money. If this has been an issue for you .. this episode is definitely worth a listen. A x

S3EP12 : FUNDING OPTIONS AND SMALL BUSINESS

In this episode, I wanted to take a moment to explore not only the options of debt and equity funding for small businesses, but to also explore the key differences in these types of funding options and the real impacts that a small business owner should consider when deciding what option may be right for their business. So join me as we explore this topic further.

S3EP6 : HANDLING DEBT AND GOOD HABITS TO GET INTO

Debt is often synonymous with sleepless nights .. but entering into debt doesn't need to be. In this episode, we work through ways to change the relationship with debt in business and how to manage the obligations to best work for your situation.

S3EP4 : COLLECTING MONEY

Henry Ford said ... "it's not the employer who pays the wages, employers only handle the money. It is the customer who pays the wages." In this episode, I talk about the dreaded concept of collecting money but more importantly examine the strategies that are available to ensuring that this process isn't all consuming or stressful and can actually be successful each and every time.

S2 EP1 : WHY CASHFLOW FORECASTING IS STILL RELEVANT WHEN THERE IS NO CASH

In this episode I explore the notion that cashflow forecasting is still quite relevant, perhaps even more so, even when cash inflows seem scarce. As business owners, the pandemic has impacted sales and businesses in so many ways, and therefore subsequently cash coming into our business. But cashflow isn't just about organic cash movements in, it's about ALL cash movements. And when obligations and expenses still exist, so too must the management of them. Enter, cashflow forecasting!