Tuesday, March 22, 2016

Wonderful article about cash flow management by Jody Grunden

I came across this fantastic article about cash flow that you may want to check out: https://medium.com/@jodygrunden/the-art-of-cash-flow-tackling-the-lifeblood-of-your-business-500543255972#.trjc5g2kd

It relates nicely to the story I tell in this video: https://youtu.be/Y78rsguW_V0

The Art of Cash Flow: Tackling the Lifeblood of Your Business

A Virtual CFO’s step-by-step guide for service-based businesses. by Jody Grunden.
Over the next seven minutes or so, you’ll read about the power of cash flow in a service-based business.
I’ve spent the better part of 15 years as a Virtual CFO, helping service-based businesses boost their financial health with stronger forecasting and cash flow management.
In this article, I plan to answer the following five questions:
  1. What is cash flow?
  2. Isn’t cash flow the same as profit?
  3. How much profit do I need?
  4. How often should I be tracking cash flow?
  5. How should I manage my cash flow?
Giddy up. Let’s get started…
Read the rest of the article here: http://stfi.re/xbapgx

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