It is really hard to write a post on business specifics, because so many businesses are different. Products vs. services, seasonal, the size of the company, etc. When I was a wedding photographer, cash flow would heavily vary, it was seasonal and I was a solo entrepreneur so I only had to figure out “payroll” for myself – no employees!
With STARTplanner.com we also have busier seasons, but it is a bigger operation and we have a true payroll with employees and we play at a much bigger numbers game! For us, November, December, and January, are our busiest months followed by June and July for the mid-year line. So again, varying cash flow, but there are different ways to navigate the peaks and valleys depending on the company. Lines of credits, building up cash then depleting, owners not taking paychecks, (yes-the sad but true reality!) as a business owner you do what you have to do but strive to run your business as efficiently and effectively as possible.
When you start a company the hardest thing to do is guess projections. Because… well, you are truly guessing. You can look at competitors, gauge your demand by your marketing potentials but you really have no idea. Going into the second and third year you will start having past data to refer to for your decisions so you are not blindly making them.
If you are someone who runs a business, these are all things you should be doing for success!
Being organized and staying on top of numbers is a must. I am going to show you why we developed the Business Partner and I even copied two pages to give you a brief overview of how I use it.
So if you haven’t already gotten this free download HERE from PART 1 and PART 2 of the financial series then get it!
Here is a brief video overview!
I have directions and tips throughout the document as well! Let’s get organized and make it happen!
Don't miss a beat! Get applicable tips, free downloads and ways to help you shape being your best self! Expect FREE content coming at your every Wednesday!
JOIN THE Newsletter
My favorite platform to connect. Follow my stories. I share business, life, health... all the things. I wear my heart on my sleeve, I would love to connect with you!
Free downloads to get you started! business and life tips to living your life as your best self! and stay up to date with what I am up too knowing things first!