

We’ve finally made it to #5 of my top 5 proven methods that have helped companies obtain positive results in cash flow and profit. Are you still with me? Here they are again, just as a review:
Remember I mentioned that 60% of most companies fail in the first 5 years even though they are generating profitable revenues? Lack of Financial Intelligence is the #1 contributor to this problem, which brings me to my favorite “F” word. Did you guess it?
#5 My favorite “F” Word.
Most of us have heard “fail to plan…plan to fail”. I’m a huge advocate of FORECASTING how we want our business to grow, then measuring and tweaking as needed as the plan becomes reality. Unfortunately, most growing companies fall short in this area. Excuses include “we’re moving to fast to take the time “or “we don’t have the skills in-house to do it”. For many, these are the mottos of the 60% who fail to thrive. For the Financially Intelligent businesses that start the process of forecasting and improve it over time, they’ll ultimately narrow in on their objectives and get closer to a Cash Flow “Bulls Eye”!
Your Profit Plan, prepared for a minimum of one year:
I’d love to hear your comments or questions on any or all of the 5 surefire methods for enhancing cash flow. Thanks for taking your valuable time to read my recommendations. Congratulations on increasing your Financial Intelligence!
To your success!