It happens every year. We start the year with a bang. In January and February inquiries come in steadily and (hopefully) quickly. Things are going well. You are on fire! And, then… “BAM!” Silence. {{{crickets chirping}}} The pace of inquiries slows down. The phone isn’t ringing as often. The pace of emails from new clients…
Category Archives: Cash FlowI stumbled on a great post the other day from Steve Blank, veteran entrepreneur and professor of entrepreneurship, on creating a business model versus writing a business plan. He believes that before writing a business plan for your start-up you should test the business model. What is a Business Model? A business model is essentially… I remember when I started my business in 2004. I was so excited and my only hope was that I would be able to recoup my expenses. I had set the bar pretty low and I only hoped to break even. I remember thinking that this was the expectation of all new businesses. Somewhere I… This week, we’ve been discussing CASH. On Tuesday, I revealed 2 mistakes that I’ve made in my business in terms of cash flow decisions. Yesterday, I gave 6 tips on creating healthy cash flow in your business. Today, we are going to create a cash flow strategy. Cash flow strategy sounds more intense than it… There’s not a day that goes by that I don’t think of the most important lesson I learned in an accounting course in college. I can still remember the overhead transparency (yes, I’m that old) with the words “CASH IS KING” and the funny little clipart guy, with his cartoon face and balding head, holding… |
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