You,Treat,the,Dishes,Better,Th business, insurance Do You Treat the Dishes Better Than Your Cash Flow?
Small offices have unique needs, and thatincludes document shredding. Designed with the smaller business inmind, the Dahle 20314 is a cross-cut shredder that offers Level 3security and brings you into compliance with federal regulations. The As we all know to live in this world we have to perform some activity by which we can earn money. There are many activities by which we can earn money and meet the standards to live in this society. And from one of them is franchise. Franc
- by Philip Campbell, CPA © Philip Campbell - All Rights ReservedCash is the lifeblood of every business. Cash is what keepsyour business alive. It is a very precious asset that mustbe treated with the care and attention it deserves.Always remember, Cash Is King, because No Cash = NoBusiness.One of the cold, hard realities of business is that if youever run out of cash, your business goes down the toilet.All your hard work goes right down the drain. Your dreamsand desires for creating an exciting and profitable businesscome crashing down.Stop and ask yourself this question - What is my cashbalance right now?If your answer is "I don't know", then you don't have yourcash flow under control. It means you are not "doingtoday's work today". You are not "doing the dishes" eachday.AN ACCURATE CASH BALANCE IS CRITICALIn business, you have to have good numbers. And the mostimportant number of all is your cash balance. Even the most intelligent and experienced person will failif they are making business decisions using an inaccurate orincomplete cash balance. Decisions that might otherwise be brilliant become deadlywhen they are made based on inaccurate data. If you go tothe doctor and he makes an inaccurate diagnosis, thetreatment he prescribes for you could be harmful - evenfatal.DOING THE DISHES EVERY DAYThe key to keeping an accurate cash balance in youraccounting system is to do today's work today. It's "doingthe dishes" every day.The problems start when you, or the person you have incharge of your books, violate this rule. When entering cashreceipts is put off and entering invoices is delayed.THE "DISHES" TESTIf you've gotten in the habit of putting off the "nonessential" accounting and "data entry" work, I'd like tosuggest a little test.STOP Doing the dishes. Allow the dishes to stack up for a full week.Save yourself the time and trouble of cleaning up aftermeals. After you enjoy a good meal, put the dishes in thesink or on the counter and get on to the other things youhave to do. Move on to the other important things aroundthe house.Just think how much free time you will create for yourself.Life is good, right?Well, maybe not. After the first day or so, a couplethoughts start to run through your head. "I'm still goingto have to do the dishes. When I do, there is going to be ahuge stack and it's going to take a long time. After aweek, they are also going to be smelly and have old andhardened food all over them."You would be embarrassed when friends come over and seea dirty pile of dishes stacked up in your kitchen. Thenafter a week, isn't it a much, much harder chore? Stop and ask yourself this question - do most people do thedishes every day because they just love doing the dishes?Of course not. They do them each day because it's one ofthose chores that is best done in bite-sized chunks.TAKE CONTROL OF YOUR CASH FLOWDoing the dishes every day is the practice of doing today'swork today. You do it because the alternative approach is areally bad idea.You need to put this same approach to work in your business.Specifically, make sure your financial records are keptcurrent each day. This will ensure you have an accuratecash balance.Make the commitment NOW to take control of your cashbalance. You owe it to yourself and to your business.Remember, Cash Is King, because No Cash = No Business.
You,Treat,the,Dishes,Better,Th