problem with cash flow is that you have to keep track of expected sales receipts and payments, but also have up-to-date bookkeeping system, where you have recorded all sales and purchase invoices, bank payments, credits, so your books will be a reliable source of information for building your cash flow. Most business people hate bookkeeping and/or don't put enough importance into it, but your cash flow don't care how much you like it , or how muc you are tired. If it's not updated, you are lost in a fog and you make rushed decisions hoping you will be lucky.
Much appreciated. I salute. Watched it for the 1st time without taking notes, now will watch it with note taking, then the 3rd time applying it to one of the businesses I am managing. Great stuff.
My business is stressful to run and I always feel worried about the financial side of the business. Every invoice matters to us weekly. This video has made me feel a bit better about the way I operate. I have been in business for 10 years and try to raise my prices a bit each year. Due to inflation in the last couple of years, I have had to increase some prices fairly significantly. For the first time in 9 out of 10 years, I am getting some issues with customers paying. I have had to fire a few customers. I have had to stop spending money on marketing and tighten right down on operating costs in order to be able to pay myself and my employee. It has been a hard year. Luckily for me, I am actively watching most of the points in this video and already practicing most of the recommended advice. Great video. Glad I found your channel. I have started to buy dividend-paying assets this year in order to start offsetting my own payroll costs to my company to be able to keep more money in my business eventually. It seems like my company can either afford to pay me or pay itself. But not both. It is frustrating. Anyways, great video, reinforcing some of the things I sometimes feel guilty about. No one will watch out for you and your business other than yourself. Cater to your great customers, and shed the fat. Don't put up with bullshit. Cheers.
Thank you for a great video!! this helped A LOT! you mentioned that you were working on some programs for small business owners, do you have anything available? If so, please share the link Thank you
problem with cash flow is that you have to keep track of expected sales receipts and payments, but also have up-to-date bookkeeping system, where you have recorded all sales and purchase invoices, bank payments, credits, so your books will be a reliable source of information for building your cash flow. Most business people hate bookkeeping and/or don't put enough importance into it, but your cash flow don't care how much you like it , or how muc you are tired. If it's not updated, you are lost in a fog and you make rushed decisions hoping you will be lucky.
Much appreciated. I salute. Watched it for the 1st time without taking notes, now will watch it with note taking, then the 3rd time applying it to one of the businesses I am managing. Great stuff.
My business is stressful to run and I always feel worried about the financial side of the business. Every invoice matters to us weekly. This video has made me feel a bit better about the way I operate. I have been in business for 10 years and try to raise my prices a bit each year. Due to inflation in the last couple of years, I have had to increase some prices fairly significantly. For the first time in 9 out of 10 years, I am getting some issues with customers paying. I have had to fire a few customers. I have had to stop spending money on marketing and tighten right down on operating costs in order to be able to pay myself and my employee. It has been a hard year. Luckily for me, I am actively watching most of the points in this video and already practicing most of the recommended advice. Great video. Glad I found your channel. I have started to buy dividend-paying assets this year in order to start offsetting my own payroll costs to my company to be able to keep more money in my business eventually. It seems like my company can either afford to pay me or pay itself. But not both. It is frustrating. Anyways, great video, reinforcing some of the things I sometimes feel guilty about. No one will watch out for you and your business other than yourself. Cater to your great customers, and shed the fat. Don't put up with bullshit. Cheers.
What have you found is the problem on your company? Prices? Costs? Cash flow? Sales?
Very nice. Beautiful explanation. Well done
Shared this with an associate that is first year in business and feels the struggle. Thanks for posting and sharing!
Relevant information for business men and those who want to start new businesses.
Thank you sir. 😊
Thanks for this helpful video
absolutely golden advice!!! More useful than any Business degree
Hi very informative thank u.
You're a good communicator of knowledge thank you.
Many thanks for that information. I’m 2 months old in retail pharmacy business
Thank you so much for the great advice. This is great
Thank u very much, I have identified my weak areas that I need to work on.
Thank you for such quality content...😊
Great information. Please do some more. I'm in the process of starting a business. Thank you so much
thank you. Very easy to understand.
Thank you, very helpful
Great advise
Good stuff Brother, thanks for sharing
Great video thanks!
Thank you for a great video!! this helped A LOT! you mentioned that you were working on some programs for small business owners, do you have anything available? If so, please share the link
Thank you
Thank you. This is great advice.
This is superb.
Tank you for this! How to calculate profit margin for service cleaning business?
“Sarah I’ll be in your area tomorrow. You better have my money.”
knowledge broooooooooo
Thank you very much
Thank you!
Thank you.
Very helpful thank you! How do we get the excel sheet?
Thank you for the info
Instead of giving deposit payments, it would be good to give a low credit limit.
Could you share the template?
;)
Thank you!!!