CASH FLOW ANALYSIS SIMPLIFIED

 CASH FLOW ANALYSIS SIMPLIFIED

1.     Hi: I am UGWU SAMUEL N. the C.E.O of UGWU SAMUEL N. Art Centre the fast growing art service company in Anambra State Nigeria.

I have helped thousands of people become productive in their businesses and personal lives through my teachings in conferences, radio presentations, social media and seminars.

                                           

I am here to show you simplified ways to MANAGE the CASH FLOW in your business or career.

What determining your business growth or death is how you handle  your cash flow?

Many companies and careers are out of existence as a result of poor management of cash flow. These are ways to handle your cash flow. 

1.     Have The Knowledge Of Cash Flow: for you to manage the cash flow in your business effectively you must know how money comes in and goes out in your business or career. Cash flow simply means the inflow and outflow of money in your career/business. When customer pays for your products and services money flow in and out when you, purchase a product or pay for  equipment maintenance for the continuity of sales.

Human body needs the flow of blood from one region in the body to another for one to be alive. That is how the flowing in of money and flowing out is essential for the continuity of your career/business.

2.     Make Your Customers Kings: Weather you know it or not your customers is the reason why you will continue in your career or out. They are your source of inflow of money into your career because the pay for your service. You will be out of business if they stop buying your products and services. So please them and make them king by making their satisfaction your priority. My fans love UGWU SAMUEL N. art works and they patronize the company greatly that’s why the company is still in business. We make our art patrons satisfaction our priority.

3.     Consider the overhead cost: knowing the overhead cost of your product and services is important.  As a producer clearly know your production cost and as service provider, know your service cost before you add the profit that your customers can willingly pay for  if you don’t consider the overhead cost of your services or products you may tag over-

price or under-price your goods and services.

4.     Separate Your Profit From Your Capital Cost: For entrepreneurs who sell products, clearly do the separation before reinvestment to buy more product for more sales.

So many entrepreneurs do the mistake of spending their business  money based on assumption. Jim Rohn said "Think on paper". Do your separation with pen and paper. Sentiments and assumptions can destabilize the clear separation of your profit from the capital cost.

These are the four simplified ways to manage the cash flow of your career and business. I am sure this tips will be helpful to your business and career growth. They have worked for me and for many others they will definetly work for you.

                                                Thank you till we meet again