Top Five Worst Cash Flow Mistakes Businesses Make And… How To Avoid Them
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Financial Operations & Cash Flow Assessment
Business Owners…
Are You Frustrated, Concerned And Worried About Your Cash Flow?
Finally, The Cash Flow Solutions You Need Revealed. Here’s The Critical Answers Your CPA Or Accountant Likely Haven’t Told You!
As a business owner, NOTHING is more IMPORTANT than your cash flow. Period. End of story. From the moment you started or purchased your business, one thing, one issue is always at the top of your mind…something that can cause constant anxiety…
An Undependable, Up and Down, Unreliable Cash Flow!
No matter how strong your sales may be, no matter how many customers you sell to, no matter how well your business is performing, if your cash flow is not rock solid, month-in, month-out…you can’t help but be disturbed.
Cash Flow Assessment
- Where will your cash be in 30 days, in 60 days?
- Do you have a process to help monitor your cash projection on a weekly basis and into a future window (8-12 weeks) to monitor cash flow and be proactive before you are out of cash?
- Do you have an emergency fund set aside for unexpected events?
- Do you have 2-3 months of expenses set aside in a money market or cash account?
- 80/20 rule – What is your revenue made up of? Are you to reliant on one source/customer for revenue?
- What are your GM% on your products/services?
- Do you know the difference between mark up and gross margin when setting selling price?
Cash Flow Assessment
- Where will your cash be in 30 days, in 60 days?
- Do you have a process to help monitor your cash projection on a weekly basis and into a future window (8-12 weeks) to monitor cash flow and be proactive before you are out of cash?
- Do you have an emergency fund set aside for unexpected events?
- Do you have 2-3 months of expenses set aside in a money market or cash account?
- 80/20 rule – What is your revenue made up of? Are you to reliant on one source/customer for revenue?
- What are your GM% on your products/services?
- Do you know the difference between mark up and gross margin when setting selling price?
Consulting
- Do you need a more effective and profitable accounting system?
- Do you have a realistic and useful cash flow plan that works?
- Strategic planning – Where do you want your business and your financial situation to be in three years?
- What are your KPI’s – Let us help you define the 3-5 KPI’s that are really driving your business that you need to measure.
Consulting
- Do you need a more effective and profitable accounting system?
- Do you have a realistic and useful cash flow plan that works?
- Strategic planning – Where do you want your business and your financial situation to be in three years?
- What are your KPI’s – Let us help you define the 3-5 KPI’s that are really driving your business that you need to measure.
Team Building
- Do you have the right team members, but have them in the wrong positions?
- What is your mission, vision and values?
- Do you truly have professionally prepared job descriptions and annual review processes?
Team Building
- Do you have the right team members, but have them in the wrong positions?
- What is your mission, vision and values?
- Do you truly have professionally prepared job descriptions and annual review processes?
Sales and satisfied customers are one thing…but having enough money and reserves in the bank is something else altogether. How many times have you lied awake at night, wondering if the cash you’re expecting will show up? And if it doesn’t, what will you do? You have “must-pay” expenses like payroll, rent, vendors, insurance, advertising, and on and on and on.
No one cares about excuses or “reasons” if you can’t pay them on time. No one wants to hear it. They want their cash…
So you need YOUR CASH. Period.
Cash Flow Dependability Is NOT As Simple As Peering At Your Checking Accounts.
Large Companies Have Cash Flow Professionals. Now YOU Can Have A Cash Flow Professional Assisting You At The Same Level Giant Corporations Get…For A Fraction Of The Fees You Would Expect!
Please check these items, and be honest with yourself. Do you REALLY KNOW the answers?
Cash Flow Assessment:
- Where will your cash be in 30 days, in 60 days?
- Do you have a process to help monitor your cash projection on a weekly basis and into a future window (8-12 weeks) to monitor cash flow and be proactive before you are out of cash?
- Do you have an emergency fund set aside for unexpected events?
- Do you have 2-3 months of expenses set aside in a money market or cash account?
- 80/20 rule – What is your revenue made up of? Are you to reliant on one source/customer for revenue?
- What are your GM% on your products/services?
- Do you know the difference between mark up and gross margin when setting selling price?
Consulting:
- Do you need a more effective and profitable accounting system?
- Do you have a realistic and useful cash flow plan that works?
- Strategic planning – Where do you want your business and your financial situation to be in three years?
- What are your KPI’s – Let us help you define the 3-5 KPI’s that are really driving your business that you need to measure.
Team Building:
- Do you have the right team members, but have them in the wrong positions?
- What is your mission, vision and values?
- Do you truly have professionally prepared job descriptions and annual review processes?
Here’s the bottom line:
Knowing your business inside and out is usually not enough to reach the stability and peace of mind you want and deserve.
You need high levels of expertise in the financial, human resource and strategic planning areas if you want to find new levels of success and lower levels of anxiety.
Want to see what we can do for you as your part-time, outsourced Strategic Planners? Here’s what you should do now:
Please click on this button to discover how we can provide a no-cost, no-obligation analysis of the cash flow problems you may be experiencing…and what we can do to help you in ways it’s almost certain your current CPA or accounting advisors haven’t shown you!
Finally, please keep in mind that for most of our clients, we do not cost them out of pocket…but rather end up being a virtual profit center because we can help you find far more money than we charge!
Here’s what we can do for you:
- We can help deliver a simple budget process that will help you stay on track and help you reach your goals.
- We can help with a strategic plan that is simple and will deliver SMART goals that will help your business grow.
- We can help analyze needs and implement new solution for your business.
- We can help you define your goals, values and mission.
- And so much more!
Click Here Now:
To Your Success,
Tim Castrigano
Owner/CPA
330-348-3932
5 Star Reviews
Jeff Minnick
“It is always a pleasure to work with Tim. He readily relies on his strong overall business acumen to align, translate and communicate strategic activates into expected financial outcomes. In addition, he identifies and executes key day to day activates to achieve desired financial outcomes. Tim is able to roll up his sleeves and dig into details as well as provide key summaries for the Board of Directors. Tim has been an asset to our organization and would be a great addition as a CFO on demand for your company.”
Paul Bergsten
“Tim is a very experienced and seasoned CFO. He has the ability to find and implement solutions to difficult problems within a company. He desires to put the company’s needs first in order to make difficult decisions. Tim would be an asset to any organization.”
James Mastrian
“I have worked with Tim for nearly 15 years. Tim has consistently exceeded my expectations with every project I have given him. He has met every deadline and is a tireless worker. Tim’s character and loyalty are a model for any associate. I strongly recommend him for any position that involves strategic planning, systems, finance or business planning. My recommendation is based on his proven track record.”
Frequently Asked Questions
Q: How will you determine my needs?
A: I use a proprietary “Financial, Cash Flow, and Tax Assessment” which uncovers areas of concern, risk, and opportunity for your business. This gives us a foundation to stand on and road map on how to fix your issues as your temporary consulting CFO.
Q: How do you determine the number of hours you need to spend at my business each month?
A: The time spent depends on your company’s needs and highest priorities that must be completed. In any case, you never get any surprises regarding fees because everything is spelled out and agreed to ahead of time.
Q: Do you train our staff?
A: Yes. Your staff plays an important role in executing your financial operations once I set them up properly or turning around your company after I determine a plan of action. Likewise, this is a good opportunity for your staff to learn valuable new skills and benefits your business’ long-term value, which includes:
- Better job satisfaction;
- Less employee turnover, and;
- Better job performance.
Q: Can’t our CPA do what you do?
A: No. Your CPA is an important advisor for your company but specializes and performs different services than you need now:
- Even though I hold a CPA designation, my CFO consulting practice requires a special and unique skill set that CPAs are not trained in.
- Typically, a CPA business model is not set up to work 100% of the time inside your office, which is what you need and which I provide as your Part-Time CFO Consultant.
- CPA’s are normally charged with recording history, telling you what happened in the past. We do the opposite. We assist you in PLANNING and STRATEGIZING how to change your results in the future!
- Your CPA will not be readily available during the tax season.
Q: What does a CFO do, and why would I need one, even if on an “On Demand” basis?
A: A CFO looks at the big picture and makes sure the systems, processes, and people are in place to enable you to make better business decisions. i.e. A controller records past financial history, the CFO looks forward and figures out what financial moves are necessary, and how and when to do them, to reach the company’s goals. Your CFO also manages, tracks and assists in pumping up cash flow.
Q: How do we know if we need an “On Demand CFO”?
A: Do you experience cash shortages? Do you work overtime paying bills, interpreting tax liabilities, or preparing for meetings with bankers or accountants? Does your business fail to earn appropriate margins or profits for self-growth? If you answered yes to any of these, you may need a CFO to solve your problems.
Q: How do you charge? How much do your services cost?
A: We charge hourly fees in some cases, fixed price packages for others. When we perform an Assessment of your accounting, cash flow, taxes, etc., we would be able to give you a specific proposal detailing how our fees would be structured. Clients love that in almost all cases, our “On Demand CFO” charges are far less than the improved cash flow and profits…essentially making our services free!
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