What Will Your Cash Balance Be Six Months from Now?

By Philip Campbell

What do you expect your cash balance to be six months from
now?

This one question will transform the way you manage your
business.

It will reveal to you whether you are managing your business
or whether your business is managing you.  And there is a
huge difference between the two.

When you know the answer to this question, you can rest
assured you are in control of your cash flow.  You are free
to focus on what you do best - growing your business and
making more money. 

When you answer this question with "I don't know", then you
are headed down a path that could lead to the failure of
your business.  You absolutely, positively cannot run a
business and not know where you expect the cash balance to
be.  You will end up wasting your valuable time worrying and
stewing over what may or may not happen.

Remember, Cash Is King, because No Cash = No Business.

If the cash ever runs out, then the entire business goes
down the drain.  Cash is the lifeblood of the business.  You
need to know what it is now and what you expect it to be
six months from now - period.


THE PEACE OF MIND SCHEDULE


The key to answering this question is having a monthly cash
flow projection for your business.  A schedule that shows
your projected revenues and expenses in the context of your
beginning and ending cash balance for each month.

I can't stress enough how critical this is to really taking
control of your business... and your cash flow.

I have been using a cash flow projection schedule since
1991.  I call this schedule the Peace of Mind schedule.  It
presents the cash flow of the business in a way that makes
it crystal clear where the money is going and where I
expect the cash balance to be six months from now. 

The schedule shows projected revenues and expenses in the
context of the beginning and ending cash balances.  Each
month is presented next to each other so the actual cash
flows for previous months are shown next to the expected
cash flows (and the expected cash balances) for the coming
months.

It's the perfect tool for clearly showing you what's going
on with your cash balance.  It presents the cash flow of
your business in a way that is simple to understand and easy
to use. 

If you would like to see the Peace of Mind schedule and how
it works, you can get a FREE Special Report "The Secret to
Creating Cash Flow Projections You Can Trust" at
http://www.growandsucceed.com/freereport.htm.

I would never be without the Peace of Mind schedule.

Neither should you!

It's the key to taking control of the financial side
of your business.
 

Philip Campbell is a CPA and the author of the book:
"NEVER RUN OUT OF CASH, The 10 Cash Flow Rules You Can't
Afford to Ignore". Philip has helped hundreds of business
owners take control of their cash flow.  You can learn more
about taking control of your cash flow and eliminating your
cash flow worries at http://www.neverrunoutofcash.com.