A couple of weeks ago, I talked with a panicked client. Their biggest inventory order of the year was due, and they didn’t have the cash to cover it. They’d been planning this order for months — but never set the money [ read more...]
I hear from clients all the time who are completely overwhelmed. Orders piling up. Customer service suffering. But they can’t hire anyone because they don’t have the money set aside. Growth without hiring plans leads to burnout, missed opportunities, and a business [ read more...]
You know exactly what products to launch or which inventory to expand. But when you go to pull the trigger, the cash isn’t there. You didn’t set anything aside for growth. So now you have to apply for a loan, wait for [ read more...]
I was reviewing quarterly reports with a client recently and they couldn’t figure out why their cash was so tight despite growing revenue. When we dug in, we found they’d made three major decisions in 90 days — hired two people, expanded [ read more...]
I’ve been working on The Money Habit Certification and passed the tests this week! This is Mike Michalowicz’s latest book — put simply, it’s Profit First for personal finance. The primary bank accounts for The Money Habit are: Income, Needs, Wants, Dreams, [ read more...]
We have all tried budgets, apps and other programs to manage our money. The problem is they all need constant care. You can set up rules and connect banks but there are frequent linkage breaks and all the automation needs attention. The [ read more...]