3.
Keep going with the flow!
You've got the hang of this cash flow thing!Seems like your cash flow is strong and steady - congrats! There are always small improvements that can be made, though. If you are not already tracking your cash flows intentionally, now is the time to start. Create a short-term cash flow forecast of six weeks or so, and expand from there. Tools like this will help you review your cash behavior, plan for the future and strategize your goals.Here are some ideas that can help:Make sure the foundation of your business is built on recurring revenue streams. If you can cover your monthly burn with consistent monthly revenue sources, that is a recipe for cash flow magic!Be careful how much and how often you are pulling funds out of the business. While this is your money, you want to keep the business healthy with fuel flowing within it, ready to invest in your growth.Create a cash flow forecast for six weeks for your business, including revenues, expenses, debt repayments (like credit cards), owner's draws, and retirement savings. Sometimes just looking at where your money is coming from and going can be eye-opening and game-changing for a business owner.Good news - we have a FREE TEMPLATE you can use!Or, if you're ready to take needle-moving-forward action, learn more about Endless Cash.Nice to meet you!I'm Shannon and I'm a CPA, but not the boring kind like your dad (sorry). My mission is to help entrepreneurs master their money so they can make decisions and grow their businesses confidently.I am a frequent speaker in business mastermind communities as well as the host of the Top 100 Entrepreneurship Podcast, Keep What You Earn.Learn how to never run out of money...Check out our podcast episode here introducing the concept of cash flow. More will definitely be coming, so make sure you are subscribed.Join the conversation!You can find me, other experts and entrepreneurs just like you hanging out in the KEEP WHAT YOU EARN COMMUNITY on Circle. It is NOT a Facebook group and it's totally free! Simply click the button below.See you soon!-Shan