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Copyright
2003, Philip Campbell - All Rights Reserved What do you expect your cash balance to be six months from now? This
one question will transform the way you manage your business. It
will reveal to you whether you are managing your business or
whether your business is managing you.
And there is a huge difference between the two. When
you know the answer to this question, you can rest assured you are in
control of your cash flow. You
are free to focus on what you do best – growing your business and making
more money. When you answer this question with “I don’t know”, then you are headed down a path that could lead to the failure of your business. You absolutely, positively cannot run a business and not know where you expect the cash balance to be. You will end up wasting your valuable time worrying and stewing
over what may or may not happen. Remember,
Cash Is King, because No Cash = No Business. If
the cash ever runs out, then the entire business goes down the drain.
Cash is the lifeblood of your business.
You need to know what it is now and what you expect it to be six
months from now – period. The Peace of Mind Schedule
I can’t stress enough how critical this is to really taking control of your business… and your cash flow. I have been using a cash flow projection schedule since 1991. I call this schedule the Peace of Mind schedule. It presents the cash flow of the business in a way that makes it crystal clear where the money is going and where I expect the cash balance to be six months from now. The schedule shows projected revenues and expenses in the context of the beginning and ending cash balances. Each month is presented next to each other so the actual cash balances for previous months are shown next to the expected cash balances for the coming months. It’s the perfect tool for clearly showing what’s going on with your cash balance. It presents the cash flow of your business in a way that is simple to understand and easy to use. If you would like to see the Peace of Mind schedule and how it works, you can get a FREE Special Report "The Secret to Creating Cash Flow Projections You Can Trust". Click Here to get your copy of this Special Report - FREE. I would never be without the Peace of Mind schedule. Neither should you! It’s the key to regaining control of the financial side of your business.
About Philip Campbell
You may publish this article in its entirety in your newsletter or on your web site as long as you leave all links in place, do not modify the content and include my resource box at the end of the article. You can get a text version of this article by sending a blank email to: cashprojection@sendfree.com If you would like to publish any other articles I have written, send a blank email to: mailto:articlesfromphilip@sendfree.com. I will notify you when each article is released. Experience the Wonderful Feeling of Knowing You Have Your Cash Flow Under Control!
If you have friends or associates who could benefit from
taking control of their cash flow - please click the link below. This page
will be sent to them with a brief message from you.
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