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By Me | October 5, 2005
Have you noticed that I’m having a sort of Simon and Garfunkel evening?
I did something I’ve been needing to do for years.
I sat down and actually planned out my business cash flow for 2006.
That doesn’t sound like a big deal to you, but this fly-by-the-seat-of-the-pants style of business management is designed to give you ulcers.
And, like most small business owners, my cash flow was getting to be a really painful affair because I wasn’t really managing it like I needed to. I was just making it up as I went along. It’s a wonder I’m still in business.
Crunching the numbers also makes me feel good, believe it or not. It helps me to realize that I’m doing better than it seems like I am as I struggle to pay my business’ bills and wonder how long it’s going to be before my customers have money again.
And then there’s that old business saying: you get what you measure. Maybe, if I get into the habit of measuring the money, I’ll wind up with some.
Sounds like a plan.
Topics: Doing business |
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