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Cash Is King!!
It is true. If you run out of cash you are out of business. In business cash
is what you have in the bank that has not already been committed by checks
previously written and assets like accounts receivable that will be turned into
cash in the next 24-48 hours. That's it. If you cannot convert an asset into
cash that you can buy something with, then don't count it as cash. If you do you
are only fooling yourself.
The first step of The Profit System is to accurately
measure the liquidity position of the business and to forecast that liquidity
over the next two months. This schedule update every week and serves as one of
the primary benchmarks of business progress. You don't need Exec Net Consulting
to do this schedule. This is schedule that starts with your available cash
balance today and predicts the inflow and outflow over the next two months.
Actual is compared to plan and variances addressed.
The next step: once you know where you are at you
can map out how to achieve your goal. No secrets - that is The Profit System.
The Profit System
developed by The Profit Expert is: Absolutely The
Most Powerful Formula For Rapid Business Profit Improvement.
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