In an article I wrote for Entrepreneur, I quoted one survey that found that 80 percent of business owners admitted that cash flow issues affect their mental health.
This session will provide a way to put structure into managing business cash would be helpful.
The session will include:
- The importance of keeping business separate from personal expenditure and maintaining the disciple of not seeing your business as a pot of cash to dive into for personal expenses.
- Keeping as much cash in your business and taking only what you need to live on to make a) the business more bankable in the future; b) building a war chest so your business has the means to survive a shock; and c) having the resources to capitalise on opportunities that would otherwise slip by because you didn’t have the cash.
- How to organise yourself and your cash: forming separate bank accounts, develop and stick to processes to they become habits, document your processes so you can delegate in the future.
Bookings are closed for this event.