3 Simple Ways to Get More Cash in Your Business
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3 simple steps to getting more cash in the bank from the business you are already doing
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3 Simple Ways to Get More Cash in Your Business
- 1. 3 Simple Steps To Getting More Cash In The Bank From The Business You Are Already Doing!
- 2. Agenda Content: Panel Discussion Questions (and Answers!) Special offer for webinar attendees
- 3. It’s all about the Cash
- 4. Cash Gap + 60 80 20 40 0 120 100
- 5. Cash Gap Work Starts + 60 80 20 40 0 120 100
- 6. Cash Gap Work Starts Work In Progress + 60 80 20 40 0 120 100
- 7. Cash Gap Work Starts Work In Progress Payables + 60 80 20 40 0 120 100 CASH PAID 30
- 8. Cash Gap Work Starts Order Fulfilled Receivables Work In Progress Payables + 60 80 20 40 0 120 100 CASH PAID 30
- 9. Cash Gap Work Starts Order Fulfilled Receivables Work In Progress Payables + 60 80 20 40 0 120 100 CASH RECEIVED!!! CASH PAID 30
- 10. Cash Gap Work Starts Order Fulfilled Receivables Work In Progress Payables Cash Gap = 90 Days + 60 80 20 40 0 120 100 CASH RECEIVED!!! CASH PAID 30
- 11. What to measure? Cash in the bank Cashflow forecast Aged Debt The Growth Areas “What gets measured gets managed” - Peter Drucker
- 12. How to get more Cash 3 things you can start today for the business you are already doing
- 13. 1. Manage your money (pro-actively!) Chase up money you are owed (Re)-Negotiate money you owe Change your payment terms Build a DAILY Cashflow forecast
- 14. 2. Account Management TALK TO YOUR EXISTING CUSTOMERS! Find out what problems they are facing Help them buy things that will help
- 15. 3. Build Recurring Revenue Find a reason to keep being paid to talk to customers Repeat business is the most profitable business Revolutionary change in your business
- 16. Summary Your business exists to provide you with a steady and predictable flow of Cash or at least it should do You can’t ignore your Cashflow at least not for long Managing it isn’t hard... you just need to do it Make it part of your business routine
- 17. Panel discussion VERT Team
- 18. Questions & Answers Member
- 19. How VERT can help you: Join Today at www.vertbusiness.com All this for just £40 per month (plus VAT) No long term tie in, membership runs month to month Join today and get started right now
- 20. How VERT can help you: SPECIAL OFFER ON COMMUNITYMEMBERSHIP For Invited Webinar Guests Only: Claim your first month’s membership for just £1 Visit: www.vertbusiness.com/offerVALID TODAY ONLY Join Today at www.vertbusiness.com All this for just £40 per month (plus VAT) No long term tie in, membership runs month to month Join today and get started right now