Cash Flow Management is Mostly Mental

Did you know that cash flow management is mostly a mental game?

Yes, you need to do all of the numbers, the pluses and minuses, but that's the easy part of cash flow. The hard part is the management of your cash flow. Here are some cash flow management activities that take emotional intelligence and clear thinking to get right:

1. Confidence in projections
2. Good relationships and open communications with vendors
3. Creative solutions for bringing cash in faster
4. Ideas to pay vendors later
5. Working with all stakeholders (employees, vendors, creditors, etc.)

A key observation about business owners in financial trouble is they can't handle the situation emotionally. They don't prioritize or make decisions well. I help them make decisions.

Do you need help implementing a cash flow management system? Call or message me on WhatsApp (+1.510.3566).

What do you think is the hardest part of implementing a cash management system? Let me know.

E-mail me your comments at [email protected]