Payne Points of Interest #41 What is Cash Flow? Featuring David Safeer

 

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The Thoughtful Entrepreneur: 482 - When You Hit the Profit Wall with David Safeer

 

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Payne Points of Interest #93 Deeper Issues that Could Cause Cash Flow Issues?

 

"Traditional accounting does not track cash very well. Your cash might be found on your balance sheet."

 

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The Clear PATH To Cash: Money is for Sale Featuring David Safeer

 

"The number one way people raise capital for their startup companies is called credit card debt... but there are other options!"

 

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Payne Points of Interest #94 Tips on advertising to maximize your cash flow

 

 "From a cash flow perspective, I would suggest that you have underutilized resources with any interested party in your business's success."

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Move Your Chess Pieces to Win the Cash Flow Game

clients david safeer Aug 13, 2021

I was working with a client recently. She is really sharp - she understands everything that I throw at her and always asks great questions.

In her case, she was anticipating a negative bank balance six weeks ahead. She hired me to help her organize expenses around this particular week, and to specifically find expenses that we could move around to avoid a negative balance.

We went from top to bottom on her list of expenses, which ranged from about $100 to $50,000. We tried to move some to a date after the week with the negative balance.

I realized that what we were doing was like moving chess pieces on a chessboard. Moving a large bill was like moving a king or queen; it could change the strategy of the game.

Moving a pawn - a small bill from $100 to $500 - would not make a huge difference, but if you move enough pawns they add up and can even win the cash flow game for you.

Are you interested in learning how to play chess with your cash?

If you are, check out my course Winning...

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Payne Points of Interest #95 In regards to COVID-19

 

"Lenders prefer cash flow models, not just a profit and loss statement."

 

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Solopreneur Success: SSP024 Cash Flow Management with David Safeer

 

"I sat down and said, "I think I can figure out 99 ways to manage cash flow!" and I was wrong. I'm up to 135 ways to manage…so far!"

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The Cash Management Project

cash flow cash management Nov 28, 2020

In the fall of 2018, I was working for an NGO that provided education loans to people around the world and I traveled regularly to Europe, Africa, and South America to meet with people who benefited from these loans.  It was hugely rewarding emotionally; I was doing good in the world.

At the same time, I needed more. More of a challenge. More of something that I could call my own. Something I could do part time to meet my creative needs.

I wasn’t sure what to do, so I spoke with my wife and most trusted advisor, Lisa. We brainstormed options for a few weeks.

A Niche to Call My Own

As Lisa and I talked, we discussed the consulting work I’ve done. I’m good at it and it pays well, so why wasn’t that the solution? There were two issues:

  1. Finding a niche in the market with significant need
  2. Creating a scalable business model

It has been challenging articulating what I do when I consult because what I do was different for each client. My consulting approach...

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How to Do Bookkeeping for Cash Management Success

Readers of my article “7 Proven Steps to Manage Your Cash with Ease” asked for more details.

In case you missed that article, or need a reminder, here are the steps.

1. Do Your Bookkeeping for Cash Management
2. Find Cash in Your Business
3. Make Quick Fixes
4. Work on the Big Cash Management Ideas
5. Forecast Your Quickly and Easily Cash
6. Manage Your Cash
7. See Your Results on a Dashboard

This article is an overview on how do set up your bookkeeping for cash management success.

Instead of a checklist or a “how to” article, I will tell you how a client (Rebecca) and I cleaned up the her company books. The company is “The Spa,” a high-end day spa.

(The method is from a real client, but the name and type of company are different to maintain anonymity.)

The End in Mind

Rebecca was stuck at about $3 million in sales. Her biggest concern was running out of cash, even with a big credit line and healthy profits. 2-3 times a month she was almost out...

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