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5 Reasons why your business is making a profit but there is no money in the bank
[su_audio url="https://beyondthenumbers.com.au/wp-content/uploads/2013/03/5-reasons-for-poor-cash-flow.mp3" width="300px"] Above is a two minute podcast from a series called 'Two Minute Business Tips'. Below is the transcript for the "5 Reasons why your business is making a profit but there is no money in the bank" podcast. You can listen to the...
Find the Money Worksheets
Below are the two worksheets that are used in my ebook 'Find the Hidden Money' which you can download here. Find the Hidden Money in Your Business Action Plan Worksheet Use this worksheet to set out the critical steps that must be followed for you to achieve your goal. Ensure that you set appropriate measures that will give you early warning of...
3 Steps to Collecting Cash from your Customers
[su_audio url="https://beyondthenumbers.com.au/wp-content/uploads/2013/03/Three-steps-to-implementation.mp3" width="300px"] Listen to the three steps I always follow when implementing a new idea to increase my profit or cash flow. In this podcast I use an example from the book Find the Hidden Money. Chapter five describes the first step, you...
Small Steps to Big Profits
'Compounding interest is the most powerful force in the universe' This quote is often attributed to Albert Einstein. Compounding is the process of earning interest on your interest. Initially, the interest earned will seem insignificant. However, if you are patient and continue to reinvest the interest, your money will start growing at an...
Analyse Your Business in 3-D
Before you decide to apply a strategy to improve your cash flow you must first find the root cause of your cash flow problems. Relying solely on the traditional financial statements to analyse your cash flow is not enough. You need to take into account all aspects in your business. This requires analysing your business in 3-D. The First...
8 Ways Poor Cash Flow Is Affecting Your Business
Poor cash flow can affect much more than the financial performance of your business. The non-financial costs of poor cash flow can have just as negative an impact on your business as the financial costs. Here are 8 ways poor cash flow is affecting your business. Increased interest and bank charges - When having to source funding externally from...
Cash flow – treat the cause not the symptom
The Smith’s shop had been profitable from the day they bought it. The shop had run smoothly and there was always money in the bank. Business had progressed so well they decided to move into a larger shop not far away in the same suburb. After the move revenue dropped and cash flow slowed. The business never returned to the same level of success....
Top 10 Causes of Poor Cash Flow
The Smith's shop had been profitable from the day they bought it. The shop had run smoothly and there was always money in the bank. Business had progressed so well they decided to move into a larger shop not far away in the same suburb. After the move revenue dropped and cash flow slowed. The business never returned to the same level of success....
I made a profit! Why is there is no money in the bank?
[su_youtube url="http://youtu.be/RNxRVc_e3OY"] There is a big difference between cash flow and profit. Here is an example of how it works in a typical small business. This example shows a business that makes $50,000 profit but actually has made a cash loss of $5,000.