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Cash Flow Category
Understand the Numbers
Here is a link to a great post at Accounting Tips For You. I recently worked with a company whose owners — at first — didn’t know anything about their numbers. They didn’t know their accounts receivable. They didn’t know their accounts payable. They didn’t know their cash flow. When I asked about their chart [...]
How To Understand Cash Flow – Part Two
…continued from yesterday You need to know right now how your Cash Flow will look in the future. Many business owners think Cash Flow means “Do I have enough cash in my bank account to cover my expenses?” They don’t think about the time element of Cash Flow. In the real world Cash Flow means [...]
How To Understand Cash Flow – Part One
In the first Startup/Restart® Business Primer you learned three rules about money: Rule 1. The perception of money is different from the reality of money. Feeling you are poor is a perception. Having no money is reality. Being afraid to talk about money is a perception. Not talking about money is reality. What you think [...]
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- Tags: Cash Flow, cash flow statement, money
On June 4, one of my construction clients (I’ll call him Peter) closed a deal. The renovation job would start July 1 and last 3 months. $200,000. Peter didn’t tell me about it at the time so we never discussed what the job would mean for his business. On October 20, Peter called. He has [...]