Especially With Your Money
Among the many things that I’ve learned since becoming a mentor of The Business Wealth Club Birmingham, it’s the importance and power of keeping things simple. That is, when we are able to break down seemingly complex issues and powerful business concepts into digestible, understandable chunks of information.
One of the most common challenges for many businesses (small and large) is the matter of the clear, confident and comfortable understanding of “money matters” such as cash flow.
“Cash is or oil in your business engine. Without it, your business will seize up and die.”
This a quote from Paul Avins and another clear example of how, in this instance, cash flow can be boiled down to clear and powerful metaphors that business people understand. That’s what we do at The Business Wealth Club.
Recently, The Guardian newspaper (the online edition), published one of my articles on the subject of cash flow. In the article. I explain how establishing and maintaining cash flow can also be broken down into three core principles (yes, another tetrahedron)
We have always based our Cashflow management on the following:
- Processes that are bound by trust backed up by paper (written agreements made while relationships are good).
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