🌟 Welcome to week two of the Golden Nuggets by the Number Hunter, hosted by Julia from Leask Advisory Solutions. All the fantastic feedback from last week is appreciated!
Throughout this series, the aim is to provide you with actionable insights tailored to your needs. Your feedback is invaluable, so please don’t hesitate to share what topics you’d like explored in future episodes.
🌕 Today, we’re diving into a crucial topic: Cashflow. In the world of business, we often hear conflicting advice—some say focus on maximizing turnover, while others emphasize the importance of profit margins. But what’s the golden nugget of wisdom for this week?
💰 It’s all about converting your profit into cash in the bank. Think of cashflow like a water tank. When you invoice your customers, money flows in, filling up the tank. But when you pay suppliers and bills, the water level goes down as cash flows out.
🎯 The key here is timing. Every business is unique, so your solution depends on how you run your business. But the goal is to ensure that money stays in your bank longer than it sits in someone else’s. After all, there’s no point in having profit on paper if it’s not in your bank account when you need it.
💵 So, take control of your cashflow. Manage it, forecast it, and plan it. Your financial success depends on it!
🏹 I can’t wait to hear your thoughts on this week’s golden nugget. See you next week, same time, same place. Thank you for being on this journey with Julia, the Number Hunter.
If any of these resonate with you, I’m here to cater to your needs. Let me know your preferences for upcoming topics, and I’ll tailor the content to suit your interests.
#Cashflow
#Businesstips
#Financialsuccess
#Goldennuggets
🎯 Follow the hashtag #NumberHunter to stay updated on my latest content.
🌟 💰 🏹
1st March 2024