Uncategorized June 9, 2020
The US Thanksgiving holiday is not only a time for us to reflect on the blessings in our lives, but it’s a perfect reminder for us to take stock of our accomplishments.
Cash flow ordina notes often come with a pre-determined schedule of payments. This simply means that you can expect to receive a periodic flow of cash from the note, perhaps in the form of interest payment.
Use budgeting and financial analysis tools to do “what if” analysis. Using your financial and budgeting software to help you run ‘what-if’ scenarios can be helpful for your bottom line, and can therefore help improve your cash. For example, if I purchase an updated piece of equipment, what will the short and long term financial effects be? Using ‘what-if’ analysis can help keep your expenses in check, which can in turn improve your cash flow.
The term fractional CFO means what it says, you only pay a small fraction of what you would normally pay to employ someone of this caliber because you are only using a fraction of their time, as you need it. This is similar to what you are already doing with your lawyer or your doctor. You only pay for what you need and what you use. However your return on investment is amazing!
The savviest business people examine their books all of the time. You must look for errors and discrepancies. Doing this can also encourage you to do better. You will no doubt recognize exactly where you are situated and where you need or want to go from at this point.
Although it is important to work hard at your business, it is equally important not to burn yourself out. Know when it is time to give yourself a break. Make sure that you find time for family, friends, and relaxation. And do what you know that you need to do to keep yourself healthy and physically fit.
This is your “cash flow balance” as of today’s date. Hopefully, your cash flow balance isn’t a negative number. If it is a negative number (and it many cases it will be), it means that within 2 weeks, you’ll have to pay more in payroll/bills than you currently have in the bank. Does this mean you have to pick up the phone and start making cold calls until you make a few sales? NO.
You may be surprised at how easy it is to get started. By investigating opportunities online, you will be amazed at what is available. Do a little self-evaluation and find a home business for women that suits you. You will be glad you did.