3 Simple Ways to Get More Cash in Your Business

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3 simple steps to getting more cash in the bank from the business you are already doing

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3 Simple Ways to Get More Cash in Your Business

  1. 1. 3 Simple Steps To Getting More Cash In The Bank<br />From <br />The Business <br />You Are Already Doing!<br />
  2. 2. Agenda<br />Content:<br />Panel Discussion<br />Questions (and Answers!)<br />Special offer for webinar attendees<br />
  3. 3. It’s all about the Cash<br />
  4. 4. Cash Gap<br />+<br />60<br />80<br />20<br />40<br />0<br />120<br />100<br />
  5. 5. Cash Gap<br />Work Starts<br />+<br />60<br />80<br />20<br />40<br />0<br />120<br />100<br />
  6. 6. Cash Gap<br />Work Starts<br />Work In Progress<br />+<br />60<br />80<br />20<br />40<br />0<br />120<br />100<br />
  7. 7. Cash Gap<br />Work Starts<br />Work In Progress<br />Payables<br />+<br />60<br />80<br />20<br />40<br />0<br />120<br />100<br />CASH PAID<br />30<br />
  8. 8. Cash Gap<br />Work Starts<br />Order Fulfilled<br />Receivables<br />Work In Progress<br />Payables<br />+<br />60<br />80<br />20<br />40<br />0<br />120<br />100<br />CASH PAID<br />30<br />
  9. 9. Cash Gap<br />Work Starts<br />Order Fulfilled<br />Receivables<br />Work In Progress<br />Payables<br />+<br />60<br />80<br />20<br />40<br />0<br />120<br />100<br />CASH RECEIVED!!!<br />CASH PAID<br />30<br />
  10. 10. Cash Gap<br />Work Starts<br />Order Fulfilled<br />Receivables<br />Work In Progress<br />Payables<br />Cash Gap = 90 Days<br />+<br />60<br />80<br />20<br />40<br />0<br />120<br />100<br />CASH RECEIVED!!!<br />CASH PAID<br />30<br />
  11. 11. What to measure?<br />Cash in the bank<br />Cashflow forecast<br />Aged Debt<br />The Growth Areas<br />“What gets measured gets managed”<br />- Peter Drucker<br />
  12. 12. How to get more Cash<br />3 things you can start today <br />for the business you are already doing<br />
  13. 13. 1. Manage your money (pro-actively!)<br />Chase up money you are owed<br />(Re)-Negotiate money you owe<br />Change your payment terms<br />Build a DAILY Cashflow forecast<br />
  14. 14. 2. Account Management <br />TALK TO YOUR EXISTING CUSTOMERS!<br />Find out what problems they are facing<br />Help them buy things that will help<br />
  15. 15. 3. Build Recurring Revenue<br />Find a reason to keep being paid to talk to customers<br />Repeat business is the most profitable business<br />Revolutionary change in your business<br />
  16. 16. Summary<br />Your business exists to provide you with a steady and predictable flow of Cash<br />or at least it should do<br />You can’t ignore your Cashflow <br />at least not for long<br />Managing it isn’t hard... you just need to do it<br />Make it part of your business routine<br />
  17. 17. Panel discussion<br />VERT Team<br />
  18. 18. Questions & Answers<br />Member<br />
  19. 19. How VERT can help you:<br />Join Today at <br />www.vertbusiness.com<br />All this for just £40 per month (plus VAT)<br />No long term tie in, membership runs month to month<br />Join today and get started right now<br />
  20. 20. How VERT can help you:<br />SPECIAL OFFER ON COMMUNITYMEMBERSHIP<br />For Invited Webinar Guests Only:<br />Claim your first month’s membership for just £1 <br />Visit: www.vertbusiness.com/offerVALID TODAY ONLY<br />Join Today at <br />www.vertbusiness.com<br />All this for just £40 per month (plus VAT)<br />No long term tie in, membership runs month to month<br />Join today and get started right now<br />

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