A consultant never stops thinking about business and their clients, and “Ranyard’s Ramblings” are a key example of that! Whether waiting for the kids, picking up dinner, or having some down time, Peter Ranyard is always finding ways to help his clients. Read his “Ramblings” here!
Location: Boardroom. Small business meeting.
The owner of the business spent each day trying to figure out why he wasn’t getting ahead. When I asked him how was his cashflow he told me fine, he paid for everything when invoiced and waited 3-90 days on average to get paid. He was a ‘good’ citizen and had no debt.
Most small business owners are not overly cash rich and therefore when you have cash it is critical to know when it is due in and when out, best to get it in sooner than send it out I say… better in my pocket than theirs.
The ‘cash-flow ’forecast is the best way to understand the exact ‘flow’ of cash. There are some simple formulas and rules to follow to get a better handle on your cash and not have those stressful months when there is more month than cash left. Suppliers are happier and customers are held to stricter controls so you know when you have too much, yeah right, or too little. .. Oh stuff!
We can help with a cashflow forecast… you decide if you need one, even if it is just to understand how it can help.