Welcome to today’s episode of I Hate Numbers. When you are in the eye of a financial storm what’s the one major thing that’s going to get your business through it. That one thing, that protection, that comfort blanket, that financial lifeboat? Well let me tell you, that one thing is cash, not profits. Today we’re going to have a look at cash, how to build your own cash story, and connect to your best business friend that won’t lie to you, your Numbers!
Looking at your cash future
None of us have time machines, or crystal balls that are 100% accurate, if you do then drop me a line, I’d love to hear more. However, not even taking even a peek into your business future may be understandable, but it’s not sensible. Looking ahead, certainly in number terms is always going to be a challenge. Figuring out the cash coming in, the cash going out and what you’re left with is what you need to do. If you don’t do that, then however awesome your business is, it won’t survive and thrive.
What we know, what we think we know, what we don’t know
We’ll look at a powerful way to build your cash story. That approach is awesome for other business practices, but for now let’s stick to cash. Build your future cash story is based on
What we know
What we think we know
What we don’t know
Once you look at things in that way, it all becomes easier
Using your cash forecast
When you have built your cash forecast, take a step back and check out what it’s saying. Once your see what your Numbers, your best business friend is saying then you can make beautiful and meaningful business decisions. If some months (or weeks) look tough, then you have options; if things look positive, you have options.
You know only too well that running your business means that there are times we must put those big girl/boy pants on. Your cashflow forecast, will help you decide when that time is to wear those pants.
Grab a coffee, keep something stronger to later. Start looking at your cash future and help navigate your business through choppy waters, and not just when it’s calm and warm.
I love doing this podcast and sharing my love of Numbers with you. I’d love it if you could help me spread that Number love and share with others.
In This Episode
Why cash is important for business continuity, and growth
How cash forecasting puts you in the driving seat of your Business
The approach to building your own cash story
Developing your own Numbers confidence and decisions
Take more control of your numbers to help make money