Financial Freedom or Financial Strife?

One way to create freedom over strife is to create your cashflow strategy. 

To do this, one must fully understand your current financial situation.

This will give you a clear picture of your cash inflows and outflows, helping you identify areas of improvement and potential risks.

(Hint: not sure how to do this? We offer this as a service click here.)

In this session, we consider factors such as seasonal variations, client attendance, growth projections and expenses.

With this projection in hand, you can make informed decisions about when to ramp up your marketing to drive in new referrals, when to take a break and when is the best time to recruit.

Once you have a solid understanding of your finances and projections, it's time to set clear goals for your cashflow strategy.

Determine the level of profitability you aim to achieve (we suggest aiming for 30%) and establish specific targets for revenue growth, expense reduction, and cash reserves.

Implement effective cash management practices, such as renegotiating your EAP contracts, collect the money owed to you, and establish a contingency plan for unexpected cashflow fluctuations (see: Dec and Jan!). It’s important to remember that the decisions you make today may need to change tomorrow - so regularly review and reassess your cashflow strategy to make necessary adjustments and ensure that it remains aligned with your business objectives. 

By taking a proactive approach to managing your cashflow, you can create a solid foundation for sustainable growth and financial success.