Free cashflow is the lifeblood of business, not only is it a sign of profitability but also provides a resource to help you grow your business into the future. Free cashflow is what’s left after all your expenses – think rent, wages, finance repayments, taxes. Having enough free cashflow in your business eliminates one of the most common business owner headaches – and taking control is not so difficult – it just requires a little planning, enlightenment and system changes.
If you’re always looking backwards, you’ll never see what’s coming.
Start looking forward – live accounting combined with predictive forecasting is the answer to see into your business’ future.
It’s no secret that cash flow is the life-blood of any business. Discover simple ways to generate more cash flow into your business quickly.
Quitting your day job and leaping into being an entrepreneur is often a scary task. Have you ever wondered how some people seem to make the leap with few headaches (at least that’s how it appears to you) whilst others have great ideas but repeatedly fail to take any steps from idea to execution?
Last week we saw that entrepreneurs take a different approach to thinking and problem solving in that they often start with their means first, then build goals based on what they are prepared to lose (rather than what they expect to gain.)
This week, we look at the final three principles of Effectuation. These steps bring the interaction with people into the process of getting a business idea off the ground.