Playbook / Lessons / Team and numbers
Cash-flow businessUpdate your cash flow sheet every week
The post says cash flow is the number one thing that puts small businesses out of business, because owners overestimate income and underestimate expenses. It recommends a simple spreadsheet of money in and money out that looks at least three months ahead, with weekly updates at first.
“I'd recommend updating your cash flow weekly.”— Ryan Carson, Small Biz 101: Cash Flow, Dec 2005
Do this
Open a spreadsheet, list expected income and expenses for the next twelve weeks, and update it every week.