Is the growth of your company being stalled by lack of funds? Do you have trouble with inventory because you don’t have the finances to keep up with demand? Don’t miss this opportunity to receive sound advice from an accountant with 18 years of experience in the medical industry and in family business. He is enthusiastic about seeing small businesses succeed and speaks plainly with Matt Brearley about strategies for financial success.
What You'll learn:

01:01 Why avoiding addressing cash flow is such a bad idea.
05:18 How measuring and mapping your finances affects your cash flow decisions.
11:20 When is it time to outsource part of the work and what are the benefits?
14:09 What is hidden money and how do you find it?
17:42 The importance of negotiating with your suppliers for the right inventory at good prices.
22:31 Are you timing your purchases and payments to free up money for business?
23:32 The importance of a system to politely follow up on debts owed to your business.
29:45 How experienced accountants can mentor and benefit small businesses.

Quotes:
“If you crisis manage cash flow, it can be a little bit too late; it can come back to bite you on the backside fairly quickly.” Bradley Conn

“Cash Flow is the lifeblood of the business.” Bradley Conn

“I can throw it up on a spreadsheet and go, 'you are here; you could be here, which do you prefer?'” Bradley Conn
Where to find hidden cash:

From stock on your shelves.
Through reduction of inventory, warehouse space and cost.

 
Some ways to improve cash flow:

Re-negotiate with your suppliers.
Time your purchases and your payments correctly.
Have a system in place for politely collecting from debts owed to the business.

 
Resources:
Bradley Conn
Business Depot

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