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CFL Financial location Level 9, 360 Queen Street Brisbane, QLD 4000
fax CFL Financial 07 3328 8999
phone CFL Financial 07 3328 8988
Email CFL Financial mail@cflfinancial.com.au

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Retirement-in style

Retire in style checklist™

There are a few reasons why Business Owners need a Retire In Style Checklist

If you’re a successful and Motivated business owner, and want to set yourself up for retirement, this guide would be perfect for you. My clients who follow these 3 simple steps live with comfort, security and the peace of mind that financial success brings.

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The Retirement Prosperity Guide™

Make sure you don’t miss out on the Retirement Prosperity Guide

If you’re a busy Professional and you feel like you’re not building your wealth fast enough and you want smarter ways to utilise your cash flow, this guide is perfect for you. Clients who have used our strategies have the peace-of-mind knowing they have a ‘game plan’ for financial abundance.

Why your cash flow is out of control

Posted on Mar 2, 2016 by CFL Financial

Cash flow is one of the biggest obstacles facing small businesses trying to secure funds for their growth. On top of ongoing expenses and bills, poor cash flow strategies can negatively impact a business’s customers, staff and clients. Here are some of the potential reasons why your business’s cash flow may be out of control, and how you can change things up to make your business thrive once more:

You don’t know the difference between cash and profit
Profit is the difference between a business’s income and expenses. Cash is how much money the business has in the bank. Even if a company is considered profitable, as its expenses accumulate (paying off loans, purchasing equipment etc.) the business can still go broke if customers fail to pay on time.

To avoid problems like timing issues, businesses should work to build up their working capital (short term cash). Using an income and expenditure budget (which tracks how profitable a business is) as well as a cash flow budget (which represents cash inflow and outflow each month) can help build up working capital.

You don’t monitor your cash flow budget
Businesses need to learn how to create and use a cash flow budget, so they can monitor their financial information on a monthly basis and analyse the information so any necessary changes can be made immediately.

You’re not managing your debtors
If your customers aren’t paying on time, here are a few methods you can put in place:

You misunderstand short term and long term cash requirements
Short term cash, also known as working capital, is money needed to cover the period between when working for a customer commences, and when the customer pays for the work. Long term cash is money that every business needs to buy or set up a business, fund medium to long term growth and asset/equipment purchases.

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Retirement-in style

Retire in style checklist™

There are a few reasons why Business Owners need a Retire In Style Checklist

If you’re a successful and Motivated business owner, and want to set yourself up for retirement, this guide would be perfect for you. My clients who follow these 3 simple steps live with comfort, security and the peace of mind that financial success brings.

Retirement-prosperity-thumbnail

The Retirement Prosperity Guide™

Make sure you don’t miss out on the Retirement Prosperity Guide

If you’re a busy Professional and you feel like you’re not building your wealth fast enough and you want smarter ways to utilise your cash flow, this guide is perfect for you. Clients who have used our strategies have the peace-of-mind knowing they have a ‘game plan’ for financial abundance.

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Email:
Phone: 07 3328 8988
Fax: 07 3328 8999

Office Location:
Level 9, 360 Queen Street
Brisbane
QLD 4000

Postal Address:
GPO Box 2468,
Brisbane,
QLD, 4001

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