Get the Cash Is King  
Newsletter - FREE
Your Email:

(Your email will always remain private and confidential)

Learn More About the FREE Newsletter


FREE
Special Report


The Secret to Creating Cash Flow Projections You Can Trust

 
FREE
Special Report

With the information in this report, you will discover exactly what it takes to create cash flow projections you can trust.

Click Here to Learn More about this Information Packed FREE Report

Discover the Peace of Mind schedule and how it will transform the way you manage your business!

"Without a degree in accounting, I needed something like Philip's Peace of Mind schedule to keep me focused on the most important aspect of my business - CASH.

It's easy to understand and apply - just what I needed!!"

-Sylvia Barnes, Owner
Leap of Faith Enterprises

Send Me My FREE Report

This exciting Special Report will be made available to you immediately.

The Secret to Creating Cash Flow Projections You Can Trust

 
FREE
Special Report

Get it NOW while it's still FREE!


Take control of your cash flow NOW - Before it takes control of you!

Click Here to Learn More ....

Make confident decisions knowing the cash flow impact of every important business decision you make.

Learn why the standard financial statements are inadequate for managing your cash flow.  

Free yourself to do what you do best - grow your business and make more money.

Get the cash flow monkey off your back.

See cash flow problems before they happen.

Enjoy the wonderful feeling of knowing your money is under control.

Learn the 4 secrets for creating cash flow projections you can trust.

Discover the missing link in the basic financial statements.

  Take action NOW to make it happen.

Click Here to Learn More ....


 


 

 

The 10 Cash Flow Rules You Can't Afford to Ignore


by Philip Campbell, CPA

Copyright 2003, Philip Campbell - All Rights Reserved


The statistics on small business failure are alarming.

Michael Gerber, author of "The E-Myth: Why Most Small Businesses Don't Work and What To Do About It", says that 40% of businesses fail in their first year. 80% fail within their first five years.

THEY RAN OUT OF CASH.

Don't let this happen to you.

Here are 10 Rules to help you take control of your cash flow so you can create the business you have always dreamed of.


1. Never Run Out of Cash.
Running out of cash is the definition of failure in business. Make the commitment to do what it takes so it does not happen to you.

2. Cash Is King
It's important to recognize that cash is what keeps your business alive. Manage it with the care and attention it deserves. It's very unforgiving if you don't.

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

3. Know the Cash Balance Right Now.
What is your cash balance right now? It's absolutely critical that you know exactly what your cash balance is. 

Even the most intelligent and experienced person will fail if they are making business decisions using inaccurate or incomplete cash balances. That's the reason why business failures are not limited to amateurs or people new to the business world.

4. Do Today's Work Today.
The key to keeping an accurate cash balance in your accounting system is to do today's work today. When you do this, you will have the numbers you need - when you need them. 

5. Either You Do the Work or Have Someone Else Do It.
Here is a simple rule to follow to make sure you have an accurate cash balance on your books. You do the work or have someone else do it.

Those are the only two choices you have. The work must be done. It's like mowing the lawn. You can't just ignore it. Someone has to do it. That means either you do it or you have someone else do it.

6. Don't Manage From the Bank Balance.
The bank balance and the cash balance are two different animals. Rarely will the two ever be the same. Don't make the mistake of confusing them.

It's futile (and frustrating) to attempt to manage your cash flow using the bank balance. It's a prescription for failure. You reconcile your bank balance. You don't manage from it.

7. Know What You Expect the Cash Balance to be Six Months
    From Now.
What do you expect your cash balance to be six months from now? This one question will transform the way you manage your business.

This question really gets to the heart of whether you are managing your business or whether your business is managing you. 

8. Cash Flow Problems Don't "Just Happen".
You would be shocked and amazed at the number of businesses that fail because the owner did not see a cash flow problem in time to do something about it.

The key is to always be able to answer the question - what do I expect my cash balance to be six months from now?

9. You Absolutely, Positively Must Have Cash Flow
    Projections.
Cash flow projections are the key to making wise and profitable business decisions. They give you the answer to the all-important question from Rule # 7.

It's impossible to run your business properly without them.

10. Eliminate Your Cash Flow Worries So You Are Free to Do
What You Do Best - Take Care of Customers and Make More
Money.
Use these 10 Rules to free yourself from cash flow worries. That way you can focus all your time and talents where you can make the most difference in your business.

No more wasted time worrying about what's going on with your cash flow. Instead, you can focus your unique talents and abilities each day on ways to grow your business and make more and more money each year.

And that's a recipe for success and wealth creation.


About Philip Campbell
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 small business owners take control of their cash flow.  He shows you how to eliminate your cash flow worries and take control of your small business.  Is your cash flow under control?  You can download his new Special Report "The Secret to Creating Cash Flow Projections You Can Trust" FREE Right Now. Click Here to get your copy NOW.



*** Web Site Owners and Newsletter Editors ***

You may publish this article in its entirety in your newsletter or on your web site as long as you leave all links in place, do not modify the content and include my resource box at the end of the article.

You can get a text version of this article by sending a blank email to
cashflowrules@sendfree.com

If you would like to publish any other articles I have written, Click Here to send me an email and I will notify you when each article is released.


Experience the Wonderful Feeling of Knowing You Have Your Cash Flow Under Control!


Get your copy of Never Run Out of Cash

 

If you have friends or associates who could benefit from taking control of their cash flow - please click the link below.  This page will be sent to them with a brief message from you.
(no email addresses are retained in this process)

 

Send This Page To a Friend

 

 

 

 

Send This Page To a Friend