Friday is the day that you should spend at least 30 minutes reviewing YOUR money.
In today’s LIVE video, I discuss a few strategies you should consider for your consulting firm’s cash flow management.You want to review your weekly Cash In & Cash Out.
Revenue and Cash In are two different numbers.
During Financial Friday, you want to review how much revenue you have earned thus far. You want to compare what you have earned against what you should have made. Let’s take a look closer:
Cash Out – is all of the money that has exited your firm. Cash Out monies includes expenses paid, owner’s draw, loans, and credit card payments, to name a few.