5 Tips on Managing Your Cash Flow

The Finance Cafe

In this episode Shauna sits down with Melissa Houston, founder of She Means Profit, to discuss 5 tips on managing your cash flow in your business as a women entrepreneur. Did you know that approximately 7,000 businesses go bankrupt every year in Canada? Surprisingly, 82% of small businesses that fail, do so due to poor cash flow management. However, as entrepreneurs, we have the power to change this statistic by improving our cash flow management. With the right tools and knowledge, we can avoid the pitfalls of poor cash flow and keep our businesses thriving. Learn about what cash flow is, why it’s important that we monitor cash flow and not just that balance in our bank account, where you can find this information on your financial statements, and of course Melissa’s top 5 tips on managing your cash flow - plus a BONUS tip!

Melissa is the author Cash Confident, An Entrepreneur's Guide to Creating a Profitable Business, and the founder of She Means Profit. Melissa is a CPA and Finance Strategist who helps business owners and high income earners build their wealth. A regular contributor at Forbes and other publications, Melissa is passionate about teaching others about money management.

Resources

Episode Blog: https://thefinancecafe.ca/5-tips-on-managing-your-cash-flow/

Breakeven Reference: https://www.visa.practicalbusinessskills.com/resources/business-templates

Connect with Melissa

Book: https://melissahoustoncpa.com/cash-confident-book/

Website: https://shemeansprofit.com/

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For more resources and information for women entrepreneurs be sure to connect to our incredible podcast sponsor the Women Entrepreneurship Knowledge Hub

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