Continued from page 1
The bank balance and
cash balance are two different animals. Rarely will
two ever be
same. Don't make
mistake of confusing them.
It's futile (and frustrating) to attempt to manage your cash flow using
bank balance. It's a prescription for failure. You reconcile your bank balance. You don't manage from it.
7. Know What You Expect
Cash Balance to be Six Months From Now.
What do you expect your cash balance to be six months from now? This one question will transform
way you manage your business.
This question really gets to
heart of whether you are managing your business or whether your business is managing you.
8. Cash Flow Problems Don't "Just Happen".
You would be shocked and amazed at
number of businesses that fail because
owner did not see a cash flow problem in time to do something about it.
The key is to always be able to answer
question - what do I expect my cash balance to be six months from now?
9. You Absolutely, Positively Must Have Cash Flow Projections.
Cash flow projections are
key to making wise and profitable business decisions. They give you
answer to
all-important question from Rule # 7.
It's impossible to run your business properly without them.
10. Eliminate Your Cash Flow Worries So You Are Free to Do What You Do Best - Take Care of Customers and Make More Money.
Use these 10 Rules to free yourself from cash flow worries. That way you can focus all your time and talents where you can make
most difference in your business.
No more wasted time worrying about what's going on with your cash flow. Instead, you can focus your unique talents and abilities each day on ways to grow your business and make more and more money each year.
And that's a recipe for success and wealth creation.

Philip Campbell is a CPA, and the author of the book: "NEVER RUN OUT OF CASH, 2 Questions That Will Eliminate Your Cash Flow Worries". Do you have the cash flow of your business under control? Learn more about regaining control of the financial side of your business at http://www.growandsucceed.com.