Level 4: Profit Autopilot

  Start with a focus on profit first and not only take out a profit but a wage as well. With YOUR specific issue in mind, select the area below that best fits. NOTE: Profit Autopilot is part of the Skills Module 1 month sprintsSignup for the Skills Module now Failing to make a Profit, […]

Level 4: Cashflow

Cashflow is the lifeblood of any business. With YOUR specific issue in mind, select the area below that best fits. Note: Campaign, Skills Module or Leader’s Briefings signup may be required for some articles Drill down to the article that provides the solution. If the speed you collect cash owing to you is slower than […]

Level 3: Money Management Menu

Failing to make a Profit, or incorrectly accounting for cash leading to a lack of money to pay debts and tax liability, are among the largest contributors to Business failure. With YOUR problem in mind, select the area below that best fits your problem. Note: Campaign, Skills Module or Leader’s Briefings signup may be required […]

How to Benefit from Cash Conversion Cycle (CCC)

How fast can you grow your business? This depends on how well you convert your sales into cash-in-hand. Is this conversion slow? You will need cash from other sources to fund your growth in sales volume and pay expenditures. Some expenditures will be for goods and services, others for capital items. The Cash Conversion Cycle assesses how you are going. It is an important metric for fast growing businesses. Blue Belt 

How to Improve Cashflow Acceleration

A healthy cashflow is a major contributor to your business’s ability to survive and grow. Do you want to harness the power of your cashflow to grow your business?  Are you struggling to pay bills when they fall due? Speeding up cashflow can help with both these goals. Cashflow Acceleration discusses how you can accelerate your cashflow to improve the health and growth rate of your business. Yellow Belt 

How to Boost Your Accounts Receivable

Accounts Receivable: “The process of collecting money your customers owe you.”  Failure to have this process working well leads to insufficient cashflow and is a major contributor to business failure.  Ignore it at your peril!  Yellow Belt 

Learn Why Cash Flow Beats Profit

Cashflow refers to the flow of money through your business. It usually goes out so you can buy stock and pay expenses, like wages and rent, and comes back when you sell that stock and collect the money from the buyer.  Profit is an accounting term trying to show income less expenses. It suffers from so many accounting ‘treatments’ that it is not much use for small business managers.  This might sound like a “dry” topic, but mismanaging Cashflow is probably the biggest reason why both big and small businesses fail.  It is something you should be aware of and learn how to use it to your advantage. Yellow Belt 

How to be a Cashflow Wizard

One of the powerful lessons we can learn from Legendary Cashflow wizards is how they use “other people’s money” to painlessly finance the rapid growth of their businesses.  Amazon grew gangbusters for many years using its suppliers’ funds; and it did it without paying income tax.  It’s well worth seeing if we can use their approaches in our own businesses.  Yellow Belt

Boost Your Cash Flow, Learn Pricing Strategies and Improve Productivity

10 Ways to Improve Cashflow If you own a business and sales, or your top line, are growing at a rampant pace and you’re increasing profits each year, you’re certainly headed in the right direction. But don’t put your guard down. Even growing, profitable companies can be hit with cashflow problems if their finance, operations […]

SM6.5 Profit Autopilot “Piggy Banks”

By the time you have reached this point in this 4 part series on Profit Autopilot, you have learned how:

  • To be reasonably confident of making a predicted Profit and paying yourself a Salary.
  • To be confident that you will have sufficient money to pay your Tax and at least break even at the end of the year.

This assumes that you have amazing willpower and do not spend the money that is ear-marked for Profit on something else.

The next step is to make sure that you get this willpower automatically and that is where the Autopilot part of the Profit Autopilot comes into play.

NOTE:  

There is a 15 minute video available: SM6.6 Profit Autopilot “Piggy Banks” Video

Listen to the recording below, or, head straight into the written document.

error: Content is protected !!