Episode Details

This week's key takeaway:

Managing your cashflow - with Ben Fewtrell and David Carlin

Episode intro:

Cashflow is one of the fundamentals of business, but it's amazing how many people don't do it properly. So many potentially good businesses go broke because they don't get the basics right!

And remember: a cashflow forecast is YOUR job, not your accountant. If you want to do it properly, you should listen to Ben and David tell you how……

In this week's episode you will learn:

• The Eisenhower Matrix
• How to forecast accurately
• Why you should start at the highest levels when making a cashflow forecast
• Why a cashflow forecast is your job and not an accountant's
• How to get out of a 'reactive' mindset
• How often you should forecast
• Why you shouldn't be scared to guess certain things
• How a business cashflow forecast is similar to running a household

Show links:

• Get your free cashflow management worksheet (22 strategies to manage your cashflow & 25 strategies to boost your cashflow): http://www.maxmyprofit.com.au/cash
• Join our Facebook group: https://www.facebook.com/groups/maxyourbusiness/