Even if you love your business and have no plans to sell, I can guarantee you will not be able to run your business forever. You may not be ready to create a formal exit plan, but here are a few steps you can take today to create value in your business, in preparation for the future. More on Don't want to work forever?
Why Using Your Personal Credit Card is Dangerous for Your Business
Many of us (include yours truly) have used personal credit cards to finance the start up or growth of our business. It's easy, fast, and available. The interest rates may be lower than business credit cards. And, you may have exhausted your business loans or lines of credit. But there are a few dangers in using your personal credit cards to finance your business, instead of using business credit cards or loans. More on Danger of Credit Card Financing
"Learn the Simple System to Take Control of Your Cash Flow in Just 15 Minutes per Week … So You Never Are Surprised About Your Checking Account Balance Ever Again!"
Fellow small business owners -
Like most of you, I've struggled with fluctuating cash flow over the years. Everything from the boom-bust cycle of client projects, to using personal credit cards to finance the business, to creating useless reports in QuickBooks, to setting prices too low, to never being able to predict income. You would think that as a financial expert and attorney I would know how to do this stuff, but they don't teach you how to manage small business cash flow in school. After investigating all the un-helpful software and books available, the only solution was to develop my own program to take control of my cash flow, and my life!
This Money Meetings system is what I'm sharing with you in the new Cash Flow Coaching Program. In the Cash Flow Coaching Program, I lead you through the steps of my Money Meetings System AND help you implement the system for your own business, so your business cash flow turns from a struggle to automatic.
Through this program, you will learn: More on Take Control of Cash Flow - only 10 spots available
Learn how to use Cash Flow Projections.
A Cash Flow Projection is a chart containing educated guesses of your income and expenses, broken by month to month. The expenses are projected in the months they actually occur — some of your expenses are the same each month (i.e., you internet fee and your loan payment) and some are occasional big expenses you must set aside money for, like your insurance premium or tax bill. You create your income projections by taking an educated guess, based upon your marketing plans, your business history, and businesses similar to yours. Yes, it's just a guess — but it's a place to start so you can measure your actual results against some projected numbers. More on Want to Learn How to Predict the Future?