 THIS WEEK’S THEME - The Millionaire Cash Flow & Liquidity Strategy This week, we will talk about The Millionaire Productivity Hacks to get done more in less time. You will want to listen to the next four episodes because they will clarify the cash flow and liquidity strategy for coaches, consultants, entrepreneurs, and small businesses.  E21 Cash is King - Let’s discuss “Cash Flow or what is commonly referred to as Working Capital is the heart of any business,” “Without it, a business cannot survive. As a small business owner, which includes coaching, consulting business even solopreneurs, the survival of your business depends on the way your money moves. Understanding how cash flows in and out of your business give you the power to grow strategically. But once your cash flow dries up, it's tough to dig yourself out of the hole, and it inevitably impacts all aspects of your business. What is cash flow? Cash flow measures the net amount of monetary assets coming into and going out of a business over a set period. It shows the financial health by showing how much liquid cash a business has on hand. A healthy cash flow indicates that a business is in good financial health and can meet its short-term obligations. A business with poor cash flow may find it difficult to pay its bills on time or may even resort to borrowing money to keep afloat. For coaches and consultants, understanding cash flow is imperative to the success of their business. cash flow allows you to reinvest in your business, hire help, and scale your business to new heights. To improve your cash flow: - Keep track of their income and expenses - Maintain a healthy balance between their income and expenses - Understand all aspects of their finances - Make sound financial decisions for their business and themselves. Tags: cash flow,cash flow is king,why cash flow is king,why cashflow is king,why is cash flow king,cash is king,cashflow is king,king cash flow,why is cash flow important,is cash king?,flow,why cash flow is more important than revenue Connect with Raj, visit www.RajKapur.com Email: raj@rajkapur.com Book a FREE Call www.rajkapur.com/freecall/  E22 Essential Tips on understanding Cash Flow Cash flow analysis is particularly important for startup businesses or businesses undergoing rapid expansion, where increasing capital expenditures, higher labor costs, purchases of new equipment, and increased inventory require large cash outflows. At the same time, sales are in a growth phase, and cash inflows tend to lag. A cash flow analysis of your accounts receivables will show you which customers are slow payers. Working with small businesses and having started many businesses, I know that one of the main reasons businesses fold is not having enough cash or not managing the cash flow well. See, the sad truth is that cash-flow surprises kill many startups. Overall, 90 percent of small business failures stem from this. So what should you do? Good cash-flow management, in simple terms, means understanding every inflow and outflow of cash and not putting this function out.
Tags:statement of cash flows,understanding cash flow,understanding accounting,cash flows operating activities,cash flows,indirect cash flow statement,cash flow statement operating activities,cash flow statement analysis Connect with Raj, visit www.RajKapur.com Email: raj@rajkapur.com Book a FREE Call www.rajkapur.com/freecall/  E23 Cash Flow Mistakes to avoid as Entrepreneurs & Small business owners
TAGS: entrepreneur mistakes,entrepreneur,cash flow mistakes to avoid,mistakes to avoid as an entrepreneurs,money mistakes to avoid as an entrepreneur,business mistakes to avoid,mistakes entrepreneurs make,cash flow mistakes entrepreneurs must avoid,mistakes new entrepreneurs should avoid,avoid mistakes,entrepreneurs,how can women entrepreneurs avoid cash flow mistakes,how to avoid cash flow mistakes,startup mistakes to avoid Connect with Raj, visit www.RajKapur.com Email: raj@rajkapur.com Book a FREE Call www.rajkapur.com/freecall/  E24 7 Steps to Managing your Cash Flow Efficiently
As a coach or consultant, you may be focused on helping your clients reach their goals. But how do you balance spending time with them and getting paid as an entrepreneur? If you’re not managing your cash flow, you may not be aware of it. You may feel like you have plenty of money, but if you don’t know what you’re doing, you’re not spending it properly. To help you get started, here are seven steps to managing your cash flow as a coach or consultant. Step One: Track Your Income and Expenditures Step Two: Estimate Future Income Step Three: Estimate Future Outflow Step Four: Adjust Outflows and Inflows Step Five: Determine the Balance Step Six: Stay In Touch With Your Cash Flow Step Six: Create a System for Prospecting Step Seven: Action Here are a few more Tips for Managing Your Business Cash Flow
TAGS: managing cash flows,managing your cash flow,7 simple strategies to level up your profits & wealth,how to manage cash flow,managing money,managing cash flow,steps of financial planning,financial mistakes to avoid Connect with Raj, visit www.RajKapur.com Email: raj@rajkapur.com Book a FREE Call www.rajkapur.com/freecall/ CTA & BIO SECTIONSAMPLE TAGLINE: We are your single, one stop source for business success, period, end of story. SAMPLE CTA 1: Make sure you leave some thoughts in the comment section below. We are interested in continuing the conversation. SAMPLE CTA 2: Listen to Live: IBGR.Network SAMPLE CTA 3:Subscribe to Our Podcast: Building Success Habits Podcast SAMPLE 1 Bio: Connect with Londina at Londina.com SAMPLE 2 Bio: Learn more about Donna here… SAMPLE 3 Bio: Written by Simone Douglas The Publican & Licensee of the Duke of Brunswick Hotel, Executive Director for BNI Adelaide North one of the biggest networking organisations in the world, the driving force behind South Australia’s leading social media agency, Social Media AOK and best-selling author with her first book “Seriously Social – turning your online game into real-world gain”. and the recently released Confident Networker Simone also serves as Deputy President of the State Chapter Committee South Australia for the Franchise Council of Australia and sits on the Franchise Advisory Council for BNI Australia You can connect with Simone on any of her #seriouslysocial platforms Connect on LinkedIn Follow on Twitter RESOURCESYou can use the following resources to help name episodes and get tags….
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