How you can
avoid scratching
for money to pay
your wages and
suppliers




           © Copyright One Sherpa Pty Ltd 2010
Have you ever experienced this?




Your accountant tells you that you’ve made a great profit
                 but you hav...
Have you ever
                                      been confused
                                      when you went
    ...
Do you wonder why they tell
you you’ve made a huge
profit and then wonder
where the money’s gone?




                    ...
Do you wonder where money
         get’s stuck in your business?
© Copyright One Sherpa Pty Ltd 2010
A key area where
money get’s stuck
in your business is
working capital




                      © Copyright One Sherpa Pt...
Do you
                                      know how
                                      much
                         ...
Do you know how much money is owed to you by
your customers?




                    © Copyright One Sherpa Pty Ltd 2010
Do you have a way of knowing what terms to give
your customers so you don’t run out of money?
                    © Copyri...
You may have spent
money on equipment
or motor vehicles
during the year and
these amounts can
NOT be deducted
from your pr...
This may explain where the money has gone.
(Even if this was supposed to give a tax deduction)
                           ...
Buying Equipment and Vehicles is NOT covered in
One Minute Business Checkup because most
business owners are aware of thes...
The area where money get’s slowly sucked into the
business is working capital




                      © Copyright One Sh...
This is a part of the
                                  accounts that many
                                  small busines...
Once you check your Money Flow measure you will
clearly understand how money get’s stuck and what to do
about it
         ...
Let me show you how to check the Money Flow Measure
in One Minute Business Checkup




                       © Copyright ...
PROBLEM #5




             © Copyright One Sherpa Pty Ltd 2010
Inventory is too high.

How many days are tied up?

CALCULATION
Inventory DIVIDED BY Annual Other Costs TIMES 365 = Number...
Let’s get days down to 45

45 Days / 365 Days * $570,000= $70,274

Original Inventory $100,000
New Level          $ 70,274...
$29,736 less Inventory
45 Days   © Copyright One Sherpa Pty Ltd 2010
Accounts Receivable are too high.

How many days are tied up?

CALCULATION
Accounts Receivable DIVIDED BY Sales TIMES 365 ...
Let’s get days down to 45

45 Days / 365 Days * $800,000= $98,630

Original Accounts Receivable $150,000
New Level        ...
PROBLEM #5




             $51,370 less A/c Receivable
             45 Days   © Copyright One Sherpa Pty Ltd 2010
Checkout your own information now.




                     © Copyright One Sherpa Pty Ltd 2010
Using the sandbox
                              you can ‘play with
                              the numbers’ until
      ...
Go to
  www.oneminutebusinesscheckup.com
and make sure you’ve got no excess money
         stuck in your business




    ...
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How you can avoid scratching for money to pay your wages and suppliers

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Are you ever short of money when you HAVE TO PAY wages or suppliers. This presentation will help you get this sorted easily

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How you can avoid scratching for money to pay your wages and suppliers

  1. 1. How you can avoid scratching for money to pay your wages and suppliers © Copyright One Sherpa Pty Ltd 2010
  2. 2. Have you ever experienced this? Your accountant tells you that you’ve made a great profit but you have no cash © Copyright One Sherpa Pty Ltd 2010
  3. 3. Have you ever been confused when you went to your accountant? © Copyright One Sherpa Pty Ltd 2010
  4. 4. Do you wonder why they tell you you’ve made a huge profit and then wonder where the money’s gone? © Copyright One Sherpa Pty Ltd 2010
  5. 5. Do you wonder where money get’s stuck in your business? © Copyright One Sherpa Pty Ltd 2010
  6. 6. A key area where money get’s stuck in your business is working capital © Copyright One Sherpa Pty Ltd 2010
  7. 7. Do you know how much inventory you have? © Copyright One Sherpa Pty Ltd 2010
  8. 8. Do you know how much money is owed to you by your customers? © Copyright One Sherpa Pty Ltd 2010
  9. 9. Do you have a way of knowing what terms to give your customers so you don’t run out of money? © Copyright One Sherpa Pty Ltd 2010
  10. 10. You may have spent money on equipment or motor vehicles during the year and these amounts can NOT be deducted from your profit. © Copyright One Sherpa Pty Ltd 2010
  11. 11. This may explain where the money has gone. (Even if this was supposed to give a tax deduction) © Copyright One Sherpa Pty Ltd 2010
  12. 12. Buying Equipment and Vehicles is NOT covered in One Minute Business Checkup because most business owners are aware of these large items © Copyright One Sherpa Pty Ltd 2010
  13. 13. The area where money get’s slowly sucked into the business is working capital © Copyright One Sherpa Pty Ltd 2010
  14. 14. This is a part of the accounts that many small business owners don’t look at or understand © Copyright One Sherpa Pty Ltd 2010
  15. 15. Once you check your Money Flow measure you will clearly understand how money get’s stuck and what to do about it © Copyright One Sherpa Pty Ltd 2010
  16. 16. Let me show you how to check the Money Flow Measure in One Minute Business Checkup © Copyright One Sherpa Pty Ltd 2010
  17. 17. PROBLEM #5 © Copyright One Sherpa Pty Ltd 2010
  18. 18. Inventory is too high. How many days are tied up? CALCULATION Inventory DIVIDED BY Annual Other Costs TIMES 365 = Number of Days ANSWER $100,000 / $570,000*365 = 64 Days © Copyright One Sherpa Pty Ltd 2010
  19. 19. Let’s get days down to 45 45 Days / 365 Days * $570,000= $70,274 Original Inventory $100,000 New Level $ 70,274 Reduction $ 29,726 © Copyright One Sherpa Pty Ltd 2010
  20. 20. $29,736 less Inventory 45 Days © Copyright One Sherpa Pty Ltd 2010
  21. 21. Accounts Receivable are too high. How many days are tied up? CALCULATION Accounts Receivable DIVIDED BY Sales TIMES 365 = Number of Days ANSWER $150,000 / $800,000*365 = 68 Days © Copyright One Sherpa Pty Ltd 2010
  22. 22. Let’s get days down to 45 45 Days / 365 Days * $800,000= $98,630 Original Accounts Receivable $150,000 New Level $ 98,630 Reduction $ 51,730 © Copyright One Sherpa Pty Ltd 2010
  23. 23. PROBLEM #5 $51,370 less A/c Receivable 45 Days © Copyright One Sherpa Pty Ltd 2010
  24. 24. Checkout your own information now. © Copyright One Sherpa Pty Ltd 2010
  25. 25. Using the sandbox you can ‘play with the numbers’ until you get your Money Flow Measure correct © Copyright One Sherpa Pty Ltd 2010
  26. 26. Go to www.oneminutebusinesscheckup.com and make sure you’ve got no excess money stuck in your business © Copyright One Sherpa Pty Ltd 2010

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