#106 Know your numbers, make cash flow and budgets your friends.
Apr 01, 2019
If you’re one of those people who only look at your numbers at the end of the year, you’re missing a great opportunity. By year end, it’s too late to tweak what you do to increase revenue – had you peeked at how you were doing after the first quarter, you would have had a better chance of adjusting to secure more revenue.
Quarterly cash flow projections help us to plan for the next quarter. They also give us a snapshot of where we are right now. This allows us to look at what we need to do to get to where we want to be.
I’m surprised at the number of people who don’t know where they are positioned financially until tax time and by then, it’s too late to make use of the tool.
We’re hosting a group of workshops around cash flow in June. The goal is to help you get comfortable with your numbers – no matter what they are right now.
