Podcast appearances and mentions of cash flow forecasting

Recorded live at the recent Treasury 360° Nordic conference in Stockholm, Eleanor Hill (TMI) speaks with Wolt's Group Treasurer, Annika Westerholm, about building a treasury function during rapid global expansion.  Learn how the Helsinki-based delivery platform brought structure, policy, and tech-driven efficiency - including improved cash flow forecasting - to support its growth across 30+ countries.

Luke Winter reveals the secrets that took him from oil refineries to real estate deals domination, sharing insights that could transform your business. From Oil Engineer Job To 200 Deals A Year Wholesaling To Mastering 1 Marketing Channel | Video Replay https://youtu.be/vgMxOIbsMRQ Review and Score Your Sales Calls for FREE! objectionproofselling.com/ai To Close More Sales Faster: closemoresales.com/salesmasterclass The Collective Genius Connect with the top Real Estate Operators in the Country and Get Access to Capital for your deals. Visit: www.100PercentMoney.com MOTIVATED LEADS Get a $300 Credit When You Mention STEVE TRANG when you contact us. https://www.motivatedleads.com/ Objection-Proof Selling Sell As Your Authentic Self https://objectionproofselling.com/ From Oil Engineer Job To 200 Deals A Year Wholesaling To Mastering 1 Marketing Channel Luke Winter  | Hello Pro https://thehellopro.com https://www.instagram.com/lukewinter_official Luke Winter: From Engineer to Real Estate Innovator A mechanical engineer turned real estate entrepreneur, Luke Winter, scaled a wholesaling business to 200 deals annually. After selling his successful venture, he founded Hello Pro, a specialized TV marketing agency for real estate investors. With a data-driven approach and passion for helping others succeed, Luke transforms complex business challenges into strategic opportunities. His journey proves that engineering precision and entrepreneurial spirit can unlock remarkable business potential. From W2 Job To 200 Deals A Year To Mastering 1 Marketing Channel | Takeaways 1. Cash Flow Forecasting is Critical Most businesses fail because they don't understand their cash flow. Luke emphasizes tracking money coming in and going out, and warns against overextending on capital-intensive projects. 2. Double Down on What Works When a marketing channel or business strategy is successful, keep investing and scaling. Luke's philosophy is to keep pushing when you're seeing positive results, whether it's in marketing, recruiting, or business operations. 3. Data-Driven Decision Making Remove emotion from business decisions. Use metrics, KPIs, and dashboards to make informed choices. Track everything and continuously optimize based on real data. 4. TV Marketing Can Be a Game-Changer TV advertising offers unique advantages like high reach, low friction, and the ability to have potential sellers call you, instead of you chasing leads. With the right strategy, it can deliver 4- 5x ROI. 5. Balance is Key Success isn't just about business growth. Luke stresses the importance of family, personal time, and not losing sight of why you're working hard. The goal is to create opportunities for your family while being present in their lives. Get 10% OFF on InvestorLift. Use promo code DISRUPTORS. Earn MORE in wholesaling—FAST! https://get.investorlift.com/disruptors/ Share this with someone who would value this information.

Tune in for expert Cash Flow Management and Liquidity Strategy insights vital for Business Survival and sustainable Business Growth. This Corporate Finance Explained episode delivers essential Corporate Finance principles, focusing on Managing Cash Flow effectively for optimal Financial Health. Learn crucial Financial Management tactics.We analyze Cash Flow Forecasting techniques, strategic Scenario Planning for Finance, and practical Working Capital Optimization. Understand the critical Finance Strategy and Financial Planning differences that separate thriving businesses from those facing Business Failure. Explore why Profitability alone isn't enough without solid Cash Management.Study real-world examples: learn from the Cash Flow Problems leading to failure (Toys R Us, WeWork analysis) and the successful Liquidity Management and Working Capital strategies of industry leaders (Amazon Cash Flow Strategy, Walmart Inventory Management, Apple Cash Reserves). Equip your Finance Team, FP&A Analysts, and Finance Leadership with actionable Financial Analysis and Treasury Management strategies to protect and grow your business.

“When you understand your numbers, you don't just run a business—you run the show.”~ Unknown Join us as we....Hear The Journey ~ Find The Challenges ~ Create SolutionsIn this episode I sit down with Natalia Zacharin, founder of Zacharin Consulting and a powerhouse fractional CFO who went from single mom to Inc. Regionals Top 25. Learn More_____________________________________ ⁠⭆ ⁠Read the blog⁠ ⁠⭆⁠ 15 Minute Free Consultation⁠ ⁠⭆ ⁠Join the Discord community⁠ ⁠⭆ ⁠Connect with Lori Brooks on Linkedin⁠ ⭆ ⁠Small Business Media Weekly Magazine

Contemporary treasurers face rising FX volatility, interest rate uncertainty, and geopolitical disruptions. How can they adapt? Eleanor Hill (TMI) speaks with Rahul Badhwar (HSBC) and Volkan Benihasim (HSBC) about building resilience, improving forecasting, and leveraging AI. Our panel also explore liquidity shifts, supply chain realignment, and strategies for managing risk in an unpredictable world.

Get direct insights into how AI can simplify and automate your treasury functions—transforming your team's efficiency and boosting forecasting accuracy. Eleanor Hill (TMI) sits down with Naty Yifrach (Taboola) and Matthew Harlan (Nilus) to discuss how automation and AI is disrupting the treasury management space by providing real-time visibility into cash flow, more accurate cash forecasting, and automated cash reconciliation, empowering finance leaders with the tools they need to take control of their cash and become more strategic leaders.

Unlock the secrets to mastering cash flow! Learn from expert Jakob Kirschner and transform your business with a step-by-step tutorial and a free template.Time Stamps 02:52 - Episode & Guest Intro 03:35 - Importance of Cash Flow Forecasting 05:25 - Setting Up Your Cash Flow Forecast 08:17 - Detailed Walkthrough of Cash Flow Forecast 23:41 - Starting with Income Projections 26:03 - Adjusting Cash Flow and Payment Terms 30:43 - Impact of Marketing and Materials Orders 37:14 - Working with a Fractional CFO 44:15 - Episode TakeawaysSnippets from the Episode  ”Don't just set some arbitrary business goals. Think about what it's important to you in your private life, like family, spouse, hobbies, and it has to be tied together. Because if you have a business goal that doesn't match your personal goals, then you just get frustrated and burnt out.” -Jakob Kirschner  ”Sales and profit are food and water. Cash is oxygen.” -Martin Holland “The three most important numbers in business are cash on hand, cash you know is coming in, and cash you know is going out.” -Martin HollandResources Cashflow Forecast Template 24 Things Construction Business Owners Need to Successfully Hire & Train an Executive Assistant Schedule a 15-Minute Roadblock Call Check out OpenPhone Build a Business that Runs without you. Explore our GrowthKits Need Marketing Help? We Recommend Benali Need Help with podcast production? We recommend More from Jakob Peak Advisory website Jakob Kirschner on LinkedInMore from Martin Holland theprofitproblem.com annealbc.com Email Martin Meet With Martin LinkedIn Facebook InstagramMore from Khalil benali.com Email Khalil Meet With Khalil LinkedIn Facebook InstagramMore from The Cashflow Contractor Subscribe to our YouTube channel Subscribe to our Newsletter Follow On Social: LinkedIn, Facebook, Instagram, X(formerly Twitter) Visit our website Email The Cashflow Contractor

In this episode of Corporate Treasury 101, we dive into how AI is transforming Treasury with Bob Stark from Kyriba. From cash forecasting to fraud detection, AI is reshaping financial decision-making. Bob shares insights on predictive analytics, automation, and APIs, exploring both the opportunities and challenges AI brings to the Treasury.Bob Stark is a leading voice in financial technology, specializing in liquidity, payments, and risk management. As part of Kyriba, a top Treasury Management System (TMS) provider, Bob drives multi-product go-to-market strategies, shaping the future of the Treasury through innovation and AI.What You'll Learn in This EpisodeThe current and potential applications of AI in TreasuryThe role of APIs and how they help treasurers integrate AI into their workflowsPredictive AI vs. Generative AI – How Treasury Can Leverage bothFraud detection and risk management with AI-powered insightsThe future of AI in Treasury – Will AI ever fully replace human decision-making?Episode Breakdown with Timestamps[00:00:00] Introduction[00:03:04] AI's Role in Treasury[00:06:10] Understanding Machine Learning in Treasury[00:14:00] The Future of AI in Treasury[00:27:15] The Challenges & Limitations of AI[00:34:30] Can AI Make Financial Decisions?[00:45:18] The Power of APIs in AI Adoption[01:08:13] AI for Cash Flow Forecasting[01:28:14] AI's Ultimate Potential in Treasury[01:35:49] Final Thoughts & Where to Learn MoreFollow Bob Stark on Socials: Linkedin: https://www.linkedin.com/in/bob-stark-b614883/ Website: https://www.kyriba.com/ Follow Corporate Treasury 101:Website: https://corporate-treasury-101.com/ LinkedIn:https://www.linkedin.com/company/86645197/admin/dashboard/ Follow Hussam & Guillaume:Hussam on LinkedIn: https://www.linkedin.com/in/hussam-ali-6bb69186/ Guillaume on LinkedIn: https://www.linkedin.com/in/guillaume-jouvencel/ Gha Marketing Website: https://ghapodcast.com/ #Treasury #Finance #ArtificialIntelligence #RiskManagement #AIinFinance #GenerativeAI #PredictiveAnalytics #Automation #FinancialTechnology #AIInnovation----------------------------------------------------------------------------------Get $100 off any AFP product, including their CTP Exam Prep Platform, using our discount code! Find this and More on our partner's pagehttps://www.corporate-treasury-101.com/partners-page

Take your financial strategy to the next level with Episode 21 of the Full-Arch Secrets Podcast!We're excited to have Tim Woodward, co-founder of Blend Wealth, share powerful insights on optimizing finances—not just for your personal goals, but also for your dental implant practice.In this episode, discover essential strategies to fuel your practice's growth:Cash Flow Mastery: Learn how to manage cash flow effectively, supporting both short-term stability and long-term success.Tax Strategies & Savings: See how choosing the right entity structure and optimizing deductions can reduce tax burdens for your practice.Growth Planning: Get practical tips on forecasting, goal-setting, and building a solid financial foundation that's tailored for dental implant practices.Investment Essentials: Explore tax-advantaged plans, including 401(k)s and pension plans, that can enhance wealth building for you and your team.Tim's guidance is packed with actionable steps to streamline your finances, reduce taxes, and grow your practice strategically.Whether you're just starting or ready to elevate your practice, this episode provides valuable tools to make it happen.Don't miss this opportunity—tune in now and empower your practice for long-term success!Ready to 10X Your Implant Practice?Schedule a FREE Consultation and find out how DIM can help you skyrocket your growth!Get Social With DIM: LinkedInFacebookInstagram

Join Jo Wood and Colin Hewitt as they discuss all things cash flow.

John Hannum's journey in business began early, working in his parents' businesses where he witnessed firsthand the risks and hard work required to succeed as entrepreneurs. This early exposure instilled in him a deep understanding of the entrepreneurial spirit and the dedication necessary to thrive in the business world. Realizing his aptitude for numbers and systems, John pursued degrees and certifications in finance, equipping himself with the knowledge to make a significant impact. He embarked on a corporate career in finance and operations, contributing to companies that experienced tremendous growth. Notably, during his tenure at his first company, it grew from $175 million to $2.8 billion. This pattern of exponential growth continued with every company he served, whether through organic expansion or mergers and acquisitions. Leveraging his extensive experience, John founded PPS Solutions with a mission to bring the financial expertise he honed in large corporations to smaller, growing businesses. Understanding that these businesses often lack the financial firepower of larger entities, he aimed to provide strategic partnership and administrative support to help them thrive. Through PPS Solutions, John and his team alleviate the burdens of running a business, allowing entrepreneurs to focus on what they are passionate about: growing their enterprises. His dedication to empowering business leaders with robust financial strategies and support has made a significant difference for many small to mid-sized businesses seeking to achieve their full potential. For More Info: https://ppsfinance.com

Timothee Clement. USA Country Manager at Agicap joins Kevin Appleby on the GrowCFO Show as they discuss the business case for introducing specialist cash flow forecasting technology. Timothee is a returning guest, he discussed implementing cash flow forecasting in episode 119. In this episode he discussed the business case for investing in cash flow forecasting technology with podcast host Kevin Appleby. Timothy explained how most companies still rely on error-prone spreadsheets due to the complexity of forecasting. This leads to inaccurate projections and a lack of visibility. By freeing up time spent on manual processes, finance teams can focus on optimizing cash flow through more accurate forecasting. Kevin and Timothee evaluated the ROI of implementing a specialized system like Agicap. Costs are low compared to labor savings. Benefits include interest savings, investment gains, and allowing finance to partner strategically. ERP systems aren't designed for flexibility and scenarios required for forecasting. They explored implementation process and timeline. Connecting data sources is quick due to open banking. Training occurs throughout. Risks include lack of stakeholder buy-in, so change management is crucial. Overall, a compelling case emerged for digital transformation in this area to empower finance teams. Timothee Clement is a featured speaker at the GrowCFO Global Finance Summit on 15/16 May 2024 https://youtu.be/o_xZMi7XOAQ Links Timothee Clement on LinkedIn Kevin Appleby on LinkedIn Agicap cash flow management software GrowCFO Show #119: How to Implement a Cashflow Forecasting system with Timothee Clement, GrowCFO Global Finance Summit Timestamps Introducing the business case for cash flow technology(0:11) Optimizing cash flow and reducing costs through advanced forecasting. (4:13) Improving financial decision-making? (10:21) What implementation options are available. (18:32) Managing the digital transformation (26:29) Find out more about GrowCFO If you enjoyed this podcast, you can subscribe to the GrowCFO Show with your favourite podcast app. The GrowCFO show is listed in the Apple podcast directory, Google Podcasts, Spotify and many others. Why not subscribe there today? That way, you never miss an episode. GrowCFO is a great place to extend your professional network. Join GrowCFO as a free member today and participate in our regular networking events and webinars.  Premium members can also access our extensive training centre and CFO Digital Toolkit. You can enrol in our flagship Future CFO or Finance Leader programmes here.  You can find out more and join today at growcfo.net

In the latest episode of the I Hate Numbers podcast, we shed light on the indispensable role of Cash Flow Forecasting in ensuring the success of your business endeavours.Understanding the Ups and DownsCash Flow Forecasting serves as a beacon, guiding entrepreneurs through the turbulent waters of business finances. Additionally, by providing a clear projection of future cash flows, it equips us with the foresight needed to navigate challenges and seize opportunities.The Power of Pragmatic ProjectionBeyond mere budgeting tips, Cash Flow Forecasting emerges as a steadfast ally on the path to success. It offers a pragmatic view of where our business is headed. Consequently, it empowers us to make informed decisions and take decisive action when needed.Targeting Key EntitiesThis invaluable tool directly impacts three pivotal entities: business owners, funding institutions like banks, and knowledgeable investors. Its ability to instill confidence and offer visibility into financial health is unparalleled. Furthermore, it allows for better collaboration and understanding among stakeholders.Empowering StakeholdersFor business owners, a robust Cash Flow Forecast is akin to a roadmap, guiding them toward their goals and prompting timely interventions when deviations occur. Similarly, investors and banks rely on these forecasts to gauge the viability of ventures and make funding decisions accordingly. Moreover, it fosters trust and transparency in business relationships.Making Informed DecisionsEffective decision-making hinges on a thorough understanding of financial dynamics. Cash Flow Forecasting empowers business leaders with insights gleaned from past, present, and future financial data. Consequently, it enables them to strategize and adapt proactively, ensuring long-term success.Handling Cash Flow ForecastingWhile the ideal scenario involves the finance team spearheading Cash Flow Forecasting, smaller businesses can leverage our tools like BudgetWiz or enlist the support of experienced accountants. As businesses evolve, delegating forecasting tasks to a wider finance team becomes imperative. Therefore, collaboration and communication are essential for effective implementation.Conclusion: Take Action TodayIn conclusion, embracing Cash Flow Forecasting is not just prudent—it's essential for long-term success. Recognize the warning signs, harness the power of forecasting, and steer your business toward prosperity. For further insights, tune in to the I Hate Numbers podcast.Listen NowJoin us in our journey to demystify numbers and unlock the full potential of your business. Listen to the latest episode of the I Hate Numbers podcast and embark on a path of financial enlightenment.This podcast uses the following third-party services for analysis: Chartable - https://chartable.com/privacy

Let's chat about optimizing cash flow for business success! Meet Peter Kingma, a cash flow expert with over 30 years of advising global companies. In this interview, Peter shares invaluable insights from his book Cash is King and decades of practical experience. You'll learn key strategies like The crucial difference between profit and cash flow (and why profitable companies can still go bankrupt!) Best practices for managing order-to-cash When taking a loss to sell inventory can make sense How to collect accounts receivable from non-paying customers Negotiating win-win payment terms with vendors Peter keeps it relatable with plenty of real-world stories and actionable tips. This is a must-listen for any small business owner ready to build the cash culture their company needs to thrive! Let me know what cash flow struggles you face or what questions you still have after listening. Peter offers exclusive resources to help dig deeper into these concepts.  #SmallBusinessOwners #CashFlowManagement #FinancialStability #BusinessOperations #CashCulture  #ThriveInBusiness  #ImprovingCashFlow #FinancialSuccess #SmallBusinessTips #BusinessManagementKey Moments 00:00:02 - Introduction to Cash Management   00:03:45 - Difference between Cash Flow and Profit   00:09:59 - Best Practices for Order to Cash Management   00:13:23 - Importance of Timely Invoicing   00:14:05 - Understanding Payment Terms   00:14:46 - Importance of Cash Flow Forecasting   00:15:53 - Challenges with Large Businesses   00:18:18 - Dispute Management and Collection   00:20:40 - Factoring and Self-Examination   00:21:56 - Managing Supply Chain and Negotiating Terms   00:28:26 - Importance of Cash Culture      Support the showResources: https://affordablebookkeepingandpayroll.com/resource-opt-in Become a supported of the show: https://www.buzzsprout.com/1522381/support

Welcome to the Corporate Treasury 101 podcast!Visit our website for more educational content!www.corporate-treasury-101.comThis is the third and final part of our full episode with Sloane Kolt from Datarails. Where we learn more about Datarails, its applications for Treasurers and their future AI developments. Sloane has over 10 years of Corporate Finance experience in large and medium-sized CPG and technology companies. She is now the Head of Datarails Lab at DatarailsDatarails is the AI-powered financial planning and analysis platform. Everybody uses excel, they propose solutions for you to benefit from AI for data consolidation, reporting, and planning.In the episode of today, expect to learn:Datarails and its offerings for Treasury departmentsHow does Datarails incorporate AI into its solutions, especially for Cash Flow Forecasting?What future developments in AI Sloane foresees that could further transform Treasury operations?How can Treasury professionals prepare for these future changes and developments?And… much more!We were looking forward to this series of episodes as this is the first time we talk about FP&A on this podcast. Financial Planning and Analysis has lots in common with Treasury but also interdependencies and of course synergies. It was really refreshing to explore this with Sloane.We hope you enjoy itIf that is the case, and when you are thinking about how you found our podcast, chances are it was through word of mouth, social media, or a recommendation from your favorite podcast platform.This is our only request to you. Please leave a review on your favorite podcast platform. It takes only 5 seconds, will help other learn more about Treasury and this means the world to us.Sponsor:Automation Boutique - Check out their AI Powered Free Automation Scan! Click hereLinks & ReferencesSloane Kolt on LinkedIn: https://www.linkedin.com/in/sloanekolt/Datarails Website: Datarails.com__________________________Learn the fundamentals of corporate treasury by downloading our free ebook at www.corporate-treasury-101.com Connect with us on LinkedIn: https://www.linkedin.com/company/corporate-treasury-101/If you have any questions or topics you want us to tackle in the future, reach out to us on Instagram or email us at contact@corporate-treasury-101.com

Welcome to the Corporate Treasury 101 podcast!Visit our website for more educational content!www.corporate-treasury-101.comThis is the second part of our full episode with Sloane Kolt from Datarails where we will get to know more about what is FP&A and the Intersections with TreasurySloane has over 10 years of Corporate Finance experience in large and medium-sized CPG and technology companies. She is now the Head of Datarails Lab at DatarailsDatarails is the AI-powered financial planning and analysis platform. Everybody uses excel, they propose solutions for you to benefit from AI for data consolidation, reporting, and planning.In the episode of today, expect to learn:What is FP&AHow could AI be used in Cash Flow Forecasting?How Cash Flow Forecasting intersects with FP&ACan AI facilitate better collaboration or integration between these two functions?What are the best practices or tips for implementing AI-driven Cash Flow Forecasting in FP&A and TreasuryAnd… much more!We were looking forward to this series of episodes as this is the first time we talk about FP&A on this podcast. Financial Planning and Analysis has lots in common with Treasury but also interdependencies and of course synergies. It was really refreshing to explore this with Sloane.We hope you enjoy itIf that is the case, and when you are thinking about how you found our podcast, chances are it was through word of mouth, social media, or a recommendation from your favorite podcast platform.This is our only request to you. Please leave a review on your favorite podcast platform. It takes only 5 seconds, will help other learn more about Treasury and this means the world to usSponsor:Automation Boutique - Check out their AI Powered Free Automation Scan! Click hereLinks & ReferencesSloane Kolt on LinkedIn: https://www.linkedin.com/in/sloanekolt/Datarails Website: Datarails.com__________________________Learn the fundamentals of corporate treasury by downloading our free ebook at www.corporate-treasury-101.com Connect with us on LinkedIn: https://www.linkedin.com/company/corporate-treasury-101/If you have any questions or topics you want us to tackle in the future, reach out to us on Instagram or email us at contact@corporate-treasury-101.com

You may not be the new Mystic Meg, but you can at least make use of cash flow forecasting to anticipate your business's financial future. Forget the crystal ball, Online Accounting Tips is here to explain it all. Learn more at https://onlineaccountingtips.com/cash-flow-forecasting-anticipating-cash-needs-and-surpluses/ Online Accounting Tips City: New York Address: 60 W 23rd St Website https://onlineaccountingtips.com/ Phone +1-877-675-4340 Email scott.hall@betteronlineinfo.com

“There are a lot of emotions tied to money. If you don't have a good forecast or good roadmap of what to expect from the business journey you're about to go on, your emotions are going to be all over the place.” -Terrell TurnerThe finer details of this episode:Importance of effective communication and understanding financial metrics for non-finance professionalsBridging the gap between accounting and non-finance professionals in law firmsImportance of cash-flow forecasting for law firmsEvolution of forecasting tools and the importance of real-time updatesLeveraging outside resources and networking for fresh ideas Episode resources:Summit Virtual CFO by Anders website: https://www.summitcpa.net/If you have questions or would like to be a guest on the show, email us at mcpasuccessshow@anderscpa.comCheck out the Virtual CFO Playbook Course: https://vcfoplaybook.summitcpa.net/www.TLTurnerGroup.comhttps://www.linkedin.com/in/terrellturner/ 

Until the SAFE Banking Act passes, the number of banks across the country that will service the Cannabis industry remains desperately low. Cannabis is currently classified as a Schedule 1 drug, and most banks won't do business with Cannabis companies because of this. Not being able to open payroll or checking accounts (or borrow money to scale their business) leads most Cannabis businesses to constantly have massive amounts of cash on-hand. Cannabis businesses have to watch their cash flow very closely if they want to stay in business. Most companies are flying blind and making purchasing decisions based on what they see in the safe (or in the bank account if they are lucky enough to be able to open one). Relying on the cash you have in-hand, rather than the business' cash flow, can make it difficult to properly plan and forecast payroll and pay taxes. Paying taxes with big bags of cash is not only a terrible business practice, but it leaves them more vulnerable to theft or burglary. We invite you to tune in to our latest podcast episode, Cannabis CEO's Guide To Cash and Cash Flow Forecasting, to learn more about how having cash controls in place will not only make Cannabis companies safer, but also more efficient. DOPE CFO Founder Andrew Hunzicker, CPA covers:

Welcome to the Corporate Treasury 101 podcast!Visit our website for more educational content!www.corporate-treasury-101.comThis is the first part of our full interview with Bob Stark, where we discuss AI's impact on treasury, its potential & challenges.  Bob Stark is a trailblazer in enterprise liquidity, payments, and risk management. As the driving force behind a multi-product go-to-market strategy, Bob's expertise fuels valuation and growth while also forging a new brand for the future of financial technology.Kyriba is renowned for its treasury management system, a comprehensive solution that offers automated cash management, seamless bank connectivity, strategic liquidity planning, streamlined payments, and efficient working capital features.In the episode of today, expect to learn:What are the basics of AI and Machine learning?What is the difference between AI, API and RPAHow can AI enhance Sanction screening and Cash Flow Forecasting?What represents the guiding light for AI in treasury?And… much much more!We were very much looking forward to recording and releasing this episode. Bob is a reference in the world of Treasury and quite a podcast enthusiast. But his knowledge in AI and the application he sees for Treasury left us speechless sometimes…We hope you will enjoy the episode.If that is the case, and when you are thinking about how you found our podcast, chances are it was through word of mouth, social media, or a recommendation from your favorite podcast platform. And this is our only request to you! The only way we can get more and more amazing guests and get more people to learn about Treasury is thanks to you. So if you enjoy what you hear and maybe learn a thing or two, please consider following the show, leaving a review, or sharing this episode to help others discover it too.Links & ReferencesBob Stark on LinkedIn: https://www.linkedin.com/in/bob-stark-b614883/Kyriba: https://www.kyriba.com/Kyriba's article on Large Language Models for Treasury Requests using the Kyriba API: https://developer.kyriba.com/site/articles/kyriba-X-LLM/index.gsp___________________________Learn the fundamentals of corporate treasury by downloading our free ebook at www.corporate-treasury-101.com Connect with us on LinkedIn: https://www.linkedin.com/company/corporate-treasury-101/If you have any questions or topics you want us to tackle in the future, reach out to us on Instagram or email us at contact@corporate-treasury-101.com

Ever wrestled with the unpredictability of your business income? In this episode, we're going to up your financial game plan with strategies to manage lumpy income and navigate through this often overwhelming hurdle. Let's unravel the strategies to create a financially stable business, even when your income swings like a pendulum. We'll take you on a journey through cash flow issues, budgeting strategies, and even guide you on managing income during product launches, client interactions, and economic downturns. Craving a safety net for your business in the lean months? We're going to build it together! This episode is all about cash flow forecasts and the creation of that vital emergency fund. We'll arm you with strategies to address cash flow gaps, anticipate future bills and taxes, and prepare for unexpected income recessions. You'll learn the art of diversifying income streams, tweaking prices to counter seasonality, and the right way to invoice. Also, we're throwing in some sure-fire marketing tactics to widen your customer base and maximize profits. Are you ready to gain control of your financial stability? Let's dive in!Support the showThis episode is brought to you by Flossi Creative and Business Money Formula, join the waitlist NOW!Want 30 Ways to Save Money in your Business? Download the guide here.Need a business finance coach or want to get your pricing sorted? Book a Strategy Call NOW.Join the conversation Connect with Justine:InstagramFacebookLinkedInWebsiteDiscover the Secrets of Successful Business Facebook page Follow Justine on Instagram @flossifiles or @secretsofsuccessfulbusiness Host: Justine McLean – Flossi CreativeProducer: Leah Stanistreet ...

Welcome to another episode of Category Visionaries — the show that explores GTM stories from tech's most innovative B2B founders. In today's episode, we're speaking with Fady Hawatmeh, CEO of Clockwork, an FP&A platform that has raised nearly $3 Million in funding. Here are the most interesting points from our conversation: Personal Pain Point: Fady's background as an outsourced CFO highlighted the need for a more automated, accessible FP&A solution, leading to the genesis of Clockwork. Customer-Centric Approach: Clockwork's development was driven by direct feedback from clients, focusing on what small businesses truly need from an FP&A tool. Competitive Market Strategy: Despite the noise from well-funded competitors, Fady emphasizes the unique, hands-on experience and genuine connection with the small business market. Financial Growth: In its first full year, Clockwork achieved 5x revenue growth, demonstrating strong market traction and customer validation. Vision for the Future: Clockwork aims to be the go-to platform for companies under $100 million in revenue, integrating all financial, payroll, and HR functions into one seamless system. Mission-Driven Leadership: Fady's leadership is rooted in a genuine commitment to solving real problems for small businesses, prioritizing customer success over short-term gains. //   Sponsors: Front Lines — We help B2B tech companies launch, manage, and grow podcasts that drive demand, awareness, and thought leadership. www.FrontLines.io The Global Talent Co. — We help tech startups find, vet, hire, pay, and retain amazing marketing talent that costs 50-70% less than the US & Europe.  www.GlobalTalent.co

Ever logged into your netbank account and had a small heart attack? I mean business has been good, but the bank balance seems to be telling a very different story. I hear you. When clients come to me for help with the financial side of their business, I can almost guarantee that one of the first things out of their mouths will be “I don't know where all the money has gone”. A quick look at the books and we can usually explain the missing funds. If you're in that position right now, looking at your accounts and wondering where's all the money gone, then tune into today's episode because I'm covering how to get yourself out of a cash flow deficit and back into the black stat!Join the Business Money Formula waitlist now. This episode is brought to you by Flossi Creative.Freaked out by your business finances? Frantic when it comes to end of quarter compliance, tax time got you in a cold sweat? If you can relate, you're not alone. Most business owners find the financial side of their business overwhelming, confusing and probably on the, never to do list.When I started my first business, I felt exactly the same way. However, I quickly realised the impact good financial management made to every part of my business. So, over the last 20 plus years, I've focussed on the finance, become a registered BAS agent, worked in insolvency  and now I work with other business owners on building financially strong and successful businesses. From bookkeeping and compliance services to 1:1 coaching and mentoring, workshops, online courses and my signature service the pricing formula, here at Flossi Creative, we've got you covered. So if your business finance makes you feel, blah, reach out, book in for a discovery call, learn about our services and find the aha moment that will change your business for the better. We'll help you go from frazzled to fabulous in no time flat.Support the showThis episode is brought to you by Flossi Creative and Business Money Formula, join the waitlist NOW!Want 30 Ways to Save Money in your Business? Download the guide here.Need a business finance coach or want to get your pricing sorted? Book a Strategy Call NOW.Join the conversation Connect with Justine:InstagramFacebookLinkedInWebsiteDiscover the Secrets of Successful Business Facebook page Follow Justine on Instagram @flossifiles or @secretsofsuccessfulbusiness Host: Justine McLean – Flossi CreativeProducer: Leah Stanistreet ...

As globalization and financial technologies evolve, the complexity of the Bank Connectivity landscape can become daunting for Corporate Treasurers. Not only do you need to get the connectivity channels right, you also need to pay attention to the format you receive information from the bank in, plan properly where it will connect among your different systems, whilst optimizing for the right pricing.  In this interview, Joost Kevelam from Cobase explains the ins and outs of Bank Connectivity, as this is the core solution Cobase proposes to its customers. What to expect:How is Cobase servicing its client with best-in-class solutions:Cobase has developed a full range of Treasury “Software As A Service”. The bank bonnector provides a powerful integration between banks, bank accounts and ERP systems such as Oracle Netsuite. Balance information is sent from the bank and converted for Oracle specifically. The Cobase Payment Hub is the core service they provide. It allows for the Treasurer to manually enter payments, or design advanced workflow processes in order to automate that task, along with its reporting. Cobase's Treasury Management System enables the management of Foreign Exchange, cash Positioning and Cash Flow Forecasting on top of the integration of the Payment Hub.What actually is Banking Connectivity?Whilst bank account reconciliation (the task of matching the entries in your bank account against what was planned as an accounting entry) has been (and remains) a manual task performed by treasurers and accountants, bank connectivity enables all this to be automated. Bank connectivity is all about creating a link between a bank's systems and that of your company's, so the information is transmitted in near real time and removes the operating risk of performing it manually.  Bank connectivity can be executed via a variety of means: SWIFT, Host To Host, API… But each of your banks, bank accounts and even different regions of the same bank may require a specific connection and the cost can rapidly increase. Whilst the EBS remains an alternative for Treasurers to extract the banking information themselves.How is a Bank Connectivity tool implemented in a company?As Joost explains, it all comes down to the client's specific requirements. A Bank Connectivity solution like Cobase's can integrate to the ERP, TMS, Payment Hub, and so on. What information do I need from my bank, and what do I need to send it? What is the right connectivity channel? What format are my systems able to treat / extract files in? How much budget can I allocate? The effort required to implement such a solution is not to be overlooked, as you need a proper implementation team with the right skillset.  Resources:Cobase' website: https://www.cobase.com/Cobase' award winning solution article: https://www.cobase.com/news/cobase-wins-tmi-award-for-best-tms-implementation-2022Cobase - Use Case interview - Temenos: https://treasury-management.com/articles/time-flies-so-be-the-pilot/Joost Kevelam Linkedin Profile: https://www.linkedin.com/in/jkevelam/Joost Kevelam email address: joost.kevelam@cobase.comPSD2 regulation: https://www.ecb.europa.eu/paym/intro/mip-online/2018/html/1803_revisedpsd.en.html

Business coach, Erin Harrigan and I recently met for a planning strategy session, and she shares not only how she approached cash flow planning and paying herself before we'd met, but more importantly, what changed after our session. If you think a strategy session may help you, you're in luck! I've opened up my waiting list and will be filling up my calendar starting this April. Get on the waitlist now by using this link: https://www.ericagoode.com/contact   Erin Harrigan is a Christian wife, empty nest mom, speaker, author, and business coach on a mission to help high-achieving Christian women level up their businesses without compromising their faith. Her customized business coaching, speaking, and award-winning podcast, Redefining Hustle: Pursuing Success as a Christian Woman helps women be more focused and fruitful by aligning business strategy and goals to God's truth. Reach out and connect with her on her website: https://erinharrigan.com/ And listen to a conversation Erica had with Erin about financial must-haves on Erin's podcast.  And until next time, may your week be filled with love and profit!   Connect with Erica: Instagram @erica.goode.cpa  LinkedIn: Erica Goode, CPA Newsletter sign-up: https://www.ericagoode.com/newsletter-signup ***FREE Tax Deduction Guide***  

Welcome to this new episode of the Corporate Treasury 101 podcast.This is the second and last part of our episode with the Thought Leader Group of TIS, Treasury Intelligence solutionsThis group is composed of Joerg Wiemer, Jon Paquette and Nicholas Christiaen• Joerg was the former Head of Treasury at SAP, before he founded TIS, went through the position of CEO and is now the Chief Strategy Officer• Jon is a Vice President at TIS and thrive on the US market• And Nicolas founded CashForce, the Cash Flow Forecasting tool that you may have heard of. CashForce was purchased by TIS in june 2022 and since then, Nicolas is their Chief Communication OfficerIn the episode of today, expect to learn:- What are the areas treasurers intend on investing in the coming years, according to a survey launched by TIS - The uprising need of more frequent and more reliable cash flow forecasting - Fraud prevention and its importance in the corporate world todayAnd much more! The LinkedIn Pages of the Panel Members:Joerg Wiemer: https://www.linkedin.com/in/joerg-wiemer/John Paquette: https://www.linkedin.com/in/jon-paquette-052258186/ Nicolas Christiaen: https://www.linkedin.com/in/nicolas-christiaen-783b307/ TIS: https://tispayments.com/ ___________________________Learn the fundamentals of corporate treasury by downloading your FREE copy of the Corporate Treasury eBook Here!Follow us on Instagram @corporatetreasury101If you have any questions or topics you want us to tackle in the future, reach out to us on Instagram or email us at treasurypodcast@gmail.com

Welcome to this new episode of the Corporate Treasury 101 podcast.This is the first part of our episode with the Thought Leader Group of TIS, Treasury Intelligence solutionsThis group is composed of Joerg Wiemer, Jon Paquette and Nicholas ChristiaenJoerg was the former Head of Treasury at SAP, before he founded TIS, went through the position of CEO and is now the Chief Strategy OfficerJon is a Vice President at TIS and thrive on the US marketAnd Nicolas founded CashForce, the Cash Flow Forecasting tool that you may have heard of. CashForce was purchased by TIS in june 2022 and since then, Nicolas is their Chief Communication OfficerIn the episode of today, expect to learn:The in's and out's of the growing influence of Treasurers, and their role for 2023The impact of uncertainty on the coming year's strategyThe upskilling by companies of Data Science and Management skills Why the war of talents is more of a topic than ever beforeThe LinkedIn Pages of the Panel Members:Joerg Wiemer: https://www.linkedin.com/in/joerg-wiemer/John Paquette: https://www.linkedin.com/in/jon-paquette-052258186/ Nicolas Christiaen: https://www.linkedin.com/in/nicolas-christiaen-783b307/ TIS: https://tispayments.com/ ___________________________Learn the fundamentals of corporate treasury by downloading your FREE copy of the Corporate Treasury eBook Here!Follow us on Instagram @corporatetreasury101If you have any questions or topics you want us to tackle in the future, reach out to us on Instagram or email us at treasurypodcast@gmail.com

Cash Flow Forecasting is fundamental to fractional CFO and virtual CFO services! In this episode, my team and I answer 3 questions asked by our community about Cash Flow Forecasting.

Today we have Koen De Smet, a director in a Treasury consultancy talking about systems in Treasury . We cover the main systems we can find in the Treasury landscape, on top of the core one (TMS - Treasury Management System)In this episode, expect to learn what a Payment Hub is, what a trading platform can be used for, why a Cash Flow Forecasting tool can be very handy to a company (especially nowadays) and, much more!Koen also walks us through the interdependencies and integration of those systems. _________________________Learn the fundamentals of corporate treasury by downloading your FREE copy of the Corporate Treasury eBook Here!Follow us on Instagram here: @corporatetreasury101Email us any suggestions/ comments at: treasurypodcast@gmail.com 

We have with us today Daniel Sanches. Daniel is an Engineering Director at one of the biggest FMCG companies in the world and a good friend of the Podcast. You all now know that Cash Flow Management is one of the core pillars of corporate treasury. Treasurers are usually the ones dealing with the implications of cash flow forecasts, so we wanted to talk to someone who actually creates those forecasts. Daniel has made hundreds of cash flow forecasts for millions of dollars of CAPEX projects.In this episode, he will talk us through the importance of Cash flow forecasts for a company, how it enables activities such as buying shares of your company back from the market and why you would do that as well as how to make a good cash flow forecast.Today is out 6 month anniversary! Thanks for all your support!Follow us on Instagram here: @corporatetreasury101Email us any suggestions/ comments at: treasurypodcast@gmail.com 

00:00 Introduction 01:54 Economic outlook - higher inventory and higher costs 05:00 S&OP/IBP is focusing on supply chain costs  08:20 Does Finance see the value of S&OP?09:55 No difference between S&OP and a financial rolling forecast10:10 If you don't understand resources consumption you can't get cash right11:58 Integrated S&OP vs S&OP14:50 Who owns the trade off between customer orders, perfect order fulfilment, and days in receivable?17:00 Can't do cash flow forecasting without a supply chain model20:35 Every Finance person will want a prescriptive analytics tool20:11 Advantages of looking at the balance sheet, not just the income sheet

In this episode, we have consolidated episodes 16-20 - all episodes on cash positioning and cash flow forecasting. We hope you enjoy the episode!If you have any comments, questions or suggestions, please reach out to us at treasurypodcast@gmail.com!

In this episode, Guillaume takes us through cash flow forecasting, why its important and how this data is taking into strategic business decisions. We hope you enjoy the episode!If you have any comments, questions or suggestions, please reach out to us at treasurypodcast@gmail.com!

Listen back to our recent forecasting masterclass, where Group Treasurer Eveline Stam, and Conor Deegan (CashAnalytics) provided TMI's Eleanor Hill with a comprehensive overview of how consultancy firm BearingPoint achieved company-wide cash forecasting nirvana by combining specialist solutions from CashAnalytics and SAP.

NY and PA guidelines will be out next month. Andy Muza, the editor of the guide, highlights some key changes since 2020. While not a lot of new chemicals, you'll want to hear about these new tools.Our growers' conference is coming up! You can register here:LERGP Winter Conference SeriesIf you'd like to hear the full recording of both virtual events all registered guests can request a copy of the recording. It's time to forecast cash flow for 2022. Kevin Martin is on hand with some tips.Kevin Martin (host)Andrew Muza (host)Jennifer Phillips Russo (host)LERGP.comhttps://lergp.cce.cornell.edu/contact_information.php

With the ever-changing nature of business, it is difficult to determine the cash flow trend. However, we shouldn't keep cash flow forecasting on the sidelines. Our business operation is vulnerable to risks and losses without efficient cash flow forecasting.In this solo episode of the Cash Flow Forecasting and Management Series, we discuss the top five common mistakes when forecasting cash flow. As we proceed, we can understand how effective forecasting yields financial gain for your business.Do you want to learn the ideal way to forecast cash flow? Stay tuned to this episode! Episode Highlights[3:22] Forecasting Expenditures Based on Past Results[4:48] Overestimating Sales Line[5:52] Clueless of the Cash Flow Conversion Cycles[7:06] Categorize Forecasting as a Finance Function[8:09] Lazy ForecastingResources:As a special gift for tuning it, get your free 90-Day Financial Strategic Planning with Christina! Set up a time here or connect on LinkedIn!Get clear visibility of your business finances this 2022. Work with a Virtual CFO for 180 days to design your 13-Weeks Cash Flow, 12 Months Forecasting, Pipeline, and Financial Statement Review, so you have a clear path to purpose-driven profitability. Book for a call here.Enjoy the Her CEO Journey™ Podcast?Cash flow and profit could be confusing when you are venturing into business. Once you're able to evaluate and understand their differences, you are sure to form a wiser business decision. If you enjoyed today's episode of Her CEO Journey™ Podcast, hit subscribe and share it with your friends!Write us a review and share it! If you enjoyed tuning into the show, then do not hesitate to leave us a review. You can also share this episode with the women you know so they can find financial empowerment and get their ideas into the world.Have any questions about business finance? You can contact me through LinkedIn or schedule a chat with me at any time. You can also suggest topics you're curious about for future episodes to help your business grow. Thanks for listening!For more episode updates, feel free to visit my website. You may also tune in on Apple Podcasts, Google Podcasts, Spotify, or Stitcher.To fueling the life you want to live,Christina

Cash flow management is the foundation of all business operations. Without proper financial management, your business is highly likely to face financial challenges. It is true that an entrepreneur is putting a lot on their plate and a lot at stake when running their own company. Thus, an effective accounting tool is crucial to reduce the risks of any mismanagement.In this episode, Sarah Isaacs, the co-founder and COO of NorthStar, imparts the benefits of implementing the right financial tools for a business to succeed. She recalls how Dryrun helped her establish her own business. Finally, she shares the features of Dryrun that contribute to her company's development.Episode Highlights:[04:25] Sarah's Journey To NorthStar[05:30] What is NorthStar?[07:44] The Growth of Small Companies[07:58] Sarah's Struggles with Cash Flow and Management[11:32] QuickBooks and Dryrun Comparison[13:36] Before the Discovery of Dryrun[17:56] How Dryrun Helped Her Business[21:19] The Flexibility of Dryrun [22:18] What Dryrun Offers[23:43] Plan for the Future[28:09] About AvaTaxResources:Visit Christina Sjahli's website for more insights on designing an ownership structure that aligns with your company vision, and check out the Her CEO Journey™ podcast series!Sign up for the free 30-day free trial with Dryrun to see how you can monitor, manage, and model your own company's cash flow!Visit NorthStar.io's website Connect with Sarah: Twitter Enjoy the Her CEO Journey™ Podcast?As a mission-driven female entrepreneur, you are capable of making a difference through incorporating giving in your everyday business operations. If you enjoyed today's episode of Her CEO Journey Podcast, hit subscribe and share it with your friends!Write us a review and share it! If you enjoyed tuning into the show, then do not hesitate to leave us a review. You can also share this episode with the women you know so they can find financial empowerment and get their ideas into the world.Have any questions about business finance? You can contact me through LinkedIn or schedule a chat with me at any time. You can also suggest topics you're curious about for future episodes to help your business grow. Thanks for listening!For more episode updates, feel free to visit my website. You may also tune in on Apple Podcasts, Google Podcasts, Spotify, or Stitcher.

Cash flow and profitability are the lifelines of your business. When your business is starved of cash, it won't sustain itself.Do you need the answers to your worries about strategizing your business?Business owners need to maintain a positive cash flow to ensure profitability. Without an effective cash flow, your business might dwindle to an extreme loss, forcing you to stop its operations.That's when effective financial management comes into place. Financial management is a tool used to analyze information in a business for it to sustain and thrive. In this solo episode of the Cash Flow Forecasting and Management Series, we dive into the topic of monitoring, managing, and modeling cash flow as part of a business strategy. In this discourse, we focus on the benefits of operating cash flow to ensure financial security by studying each step.Do you want to adopt cash flow operations in your business? Stay tuned to this episode!Episode Highlights:[02:19] Types of Cash Flow[03:22] Operating Cash Flow[06:12] Benefits of Operating Cash FlowAs a special gift for tuning it, get your free 90-Day Financial Strategic Planning with Christina! Set up a time here or connect on LinkedIn!Resources:Visit Christina Sjahli's website for more insights on cash flow and profit on the Her CEO Journey™ podcast series!Download this E-Book on Efficient Cash Flow Management so that you can monitor, manage and improve your business cash flow.Enjoy the Her CEO Journey™ Podcast?Cash flow and profit could be confusing when you are venturing into business. Once you're able to evaluate and understand their differences, you are sure to form wiser business decisions. If you enjoyed today's episode of Her CEO Journey™ Podcast, hit subscribe and share it with your friends!Write us a review and share it! If you enjoyed tuning into the show, then do not hesitate to leave us a review. You can also share this episode with the women you know so they can find financial empowerment and get their ideas into the world.Have any questions about business finance? You can contact me through LinkedIn or schedule a chat with me at any time. You can also suggest topics you're curious about for future episodes to help your business grow. Thanks for listening!For more episode updates, feel free to visit my website. You may also tune in on Apple Podcasts, Google Podcasts, Spotify, or Stitcher.To fueling the life you want to live,Christina

Positive cash flow at the end of a cycle isn't always a good thing. When you study your business, there are many terms that people like to throw around which can get mixed up. One common example is cash flow vs profit. These two terms sound similar, but in truth, tell very different stories about your finances.In this episode, we kickstart our new podcast series, Cash Flow Forecasting and Management Series. We define clearly the difference between profit and cash flow and why it's vital to understand both terms. We also discuss what it means to be profitable versus having a healthy cash flow. We'll delve deep into cash flow concepts using cloud-based forecasting software, entrepreneur and CFO perspectives.Do you want to know how to tie down cash flow and profit together smartly? Tune in to this episode to learn more!Episode Highlights:[02:08] What Is Profit?[02:39] Why Profitability Is Important[03:44] Profit Is Not About Cash[05:54] What Is Cash Flow?[06:51] Positive Cash Flow vs Profit in BusinessesResources:Visit Christina Sjahli's website for more insights on cash flow and profit on the Her CEO Journey™ podcast series!Chat with Christina and set up a time here!Download this E-book on Efficient Cash Flow Management so that you can monitor, manage and improve your business cash flow! Enjoy the Her CEO Journey™ Podcast?Cash flow and profit could be confusing when you are venturing into business. Once you're able to evaluate and understand their differences, you are sure to form a wiser business decision. If you enjoyed today's episode of Her CEO Journey Podcast, hit subscribe and share it with your friends!Write us a review and share it! If you enjoyed tuning into the show, then do not hesitate to leave us a review. You can also share this episode with the women you know so they can find financial empowerment and get their ideas into the world.Have any questions about business finance? You can contact me through LinkedIn or schedule a chat with me at any time. You can also suggest topics you're curious about for future episodes to help your business grow. Thanks for listening!For more episode updates, feel free to visit my website. You may also tune in on Apple Podcasts, Google Podcasts, Spotify, or Stitcher.

Lena Sisco is a former Department of Defense (DoD) certified Military Interrogator and Naval Intelligence Officer who served in the Global War on Terror. In 2013, Lena started her own company called The Congruency Group to offer specialized consulting and training services. Today Lena joins the show to discuss body language and the power of being able to detect deception, as well as some helpful tips for us to use in our personal and professional lives. Listen in as Lena shares several examples of how to build trust with someone in order to get the truth. You will learn how to set the tone of a meeting simply through your body language, how to make a stronger connection with someone, and why we should never jump to conclusions. “When you can connect with people, that's when they start to trust you. That's when the guard goes down.” - Lena Sisco This Week on Young Money: What we can learn from others' body language. How to tell if someone is lying. How to build trust with someone in order to get the truth. The best way to validate our observations to make sure we aren't jumping to conclusions. How you can feel empowered to move forward after deception has happened. How to strengthen your connection to someone. The importance of letting your body language remain natural. Key takeaways: Be mindful of your body language. Communication is a combination of verbal and non-verbal. Don't jump to conclusions. Talk with your hands. Have open conversations. Let people know how you feel. Be confident in yourself. Connect with Lena Sisco: Website LinkedIn Truth Sisters Academy Resources Mentioned: Tracey Bissett – Money Coach YouTube Channel   Join us for the Financial Foundation to Entrepreneurial Peace Training –  Learn the Keys to Financial Basics & Money Mastery With Money Coach Tracey Bissett Starting Monday, October 11. Register at bizpeace.com! This LIVE training has been specifically designed for future and existing entrepreneurs across all industries online and  offline who want to proactively change the way they are handling their money matters and navigate the current  environment with success. In this LIVE Training You Will Learn: Session 1: Cash Flow 101 & Why it is Important to Know your #s (Key #1) & Cash Flow Forecasting 101 (Key #2)Monday, October 11 at 2pm EST Session 2: Pricing 101 (Key #3)Tuesday, October 12 at 2pm EST Session 3: Stakeholder Conversations (Key #4)Wednesday, October 13 at 2pm EST Session 4: Putting into Practice your Full Set of Keys (Key #5)Thursday, October 14 at 2pm EST Bonus Sessions: Money Mindset, Success Stories & Q&AFriday, October 15 starting at 2pm EST If you want to make informed, powerful money decisions, you do not want to miss this important LIVE training.  We kick things off on Oct. 11th so head over to bizpeace.com to get registered today. Rate, Share & Inspire Other Young Millionaires-in-the-Making  Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week's episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts. Don't forget to share your favorite episodes on social media!  Follow the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.

Stephanie Koonar is a marketing professional, academic, career coach, and workshop facilitator. Stephanie offers “Meaningful Career” private coaching and online courses supporting young people and those in mid-career transitions. Today she joins the show to discuss the importance of finding your reason for living—or ikigai—in order to live a more purpose-driven and fulfilled life. Listen in as she shares her advice for building practical skills, as well as growing your network so you can broaden your knowledge. You will learn the benefit of learning about other cultures, why it is important to be open to different world views, and tips for any job-seekers looking to make their way into a long-term career. “It's really about applying your gifts and strengths to a career that's meaningful to you.” - Stephanie Koonar This Week on Young Money: Stephanie's background and how she became involved in her career. The inspiration that led Stephanie to write her book. What the ikigai framework is and why we should care about it. Why it is important to learn about other cultures. The benefit of thinking about the long game in your education and career. Key takeaways: Find your purpose. Build your network. Broaden your social circle. Be open to different views. Connect with Stephanie Koonar: Website Facebook LinkedIn Resources Mentioned: Tracey Bissett – Money Coach YouTube Channel Gift Bundle: https://backpacktobriefcase.ca/bundle/ $300 discount code: giftbundle Backpack to Briefcase: A Student's Guide to a Meaningful Career Journey by Stephanie Koonar EP043 Create a Stand Out Cover letter, Resume and LI Profile with Kamara Toffolo EP110 Milli Moves: ASPIRE with Karla Badger-Brown of Toronto Finance International EP153 Milli Moves: Financial Fitness Tips from Centennial College Students  EP210 Maximize Your Earning Potential using LinkedIn with Sabita Singh   Join us for the Financial Foundation to Entrepreneurial Peace Training –  Learn the Keys to Financial Basics & Money Mastery With Money Coach Tracey Bissett Starting Monday, October 11. Register at bizpeace.com! This LIVE training has been specifically designed for future and existing entrepreneurs across all industries online and  offline who want to proactively change the way they are handling their money matters and navigate the current  environment with success. In this LIVE Training You Will Learn: Session 1: Cash Flow 101 & Why it is Important to Know your #s (Key #1) & Cash Flow Forecasting 101 (Key #2)Monday, October 11 at 2pm EST Session 2: Pricing 101 (Key #3)Tuesday, October 12 at 2pm EST Session 3: Stakeholder Conversations (Key #4)Wednesday, October 13 at 2pm EST Session 4: Putting into Practice your Full Set of Keys (Key #5)Thursday, October 14 at 2pm EST Bonus Sessions: Money Mindset, Success Stories & Q&AFriday, October 15 starting at 2pm EST If you want to make informed, powerful money decisions, you do not want to miss this important LIVE training.  We kick things off on Oct. 11th so head over to bizpeace.com to get registered today. Rate, Share & Inspire Other Young Millionaires-in-the-Making  Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week's episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts. Don't forget to share your favorite episodes on social media!  Follow the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.

Anjali Pradhan, CFA, is an investment coach to women through her business Dahlia Wealth. She teaches women to invest their money so that they can grow their wealth and live a life filled with opportunity, and her services are offered through a unique online program called “Investing for Boss Ladies.” In this episode, Anjali will be joining the show to share her expertise on investments and explain how you can start getting involved in investing today. Listen in as she describes how to get diversification in your money and why you should always start investing at an early age rather than waiting. You will learn the benefit of hiring a professional or asking for help when you start thinking about investing, as well as several mistakes to avoid in the process. “When you are a business owner, you set the hours.” - Anjali Pradhan    This Week on Young Money: Anjali's background and how she got involved in finances. The challenges she faced as a woman in finances. How she has found a work-life balance. Success tips for investing. Why it is important to start investing at a younger age. Surround yourself with people who are also money conscious. Mistakes to avoid when investing your money. Key takeaways: Invest your money. Do your research. Maximize employee benefits. Manage your money. Be responsible. Connect with Anjali Pradhan: Instagram TikTok LinkedIn YouTube Resources Mentioned: Tracey Bissett – Money Coach YouTube Channel EP062 What is your Money Mindset? EP038 Investor Spotlight Part 1 EP039 Bitcoin and Other Cryptocurrencies Demystified with Alan Wunsche EP040 Investor Spotlight Part 2 EP047 Adventures with Crypto – 5 Lessons Learned with Digital Wallets and Buy Transactions EP179 Milli Moves: Bitcoin – Investing or Gambling? EP181 Milli Moves: How to Avoid FOMO When Investing EP189 Milli Moves: Non-Fungible Tokens (NFTs) Explained EP195 Milli Moves 5 Lessons Learned from My First NFT Purchase EP211 Milli Moves: How to Maximize your Employee Benefits Join us for the Financial Foundation to Entrepreneurial Peace Training - Learn the Keys to Financial Basics & Money Mastery With Money Coach Tracey Bissett Starting Monday, October 11. Register at bizpeace.com! This LIVE training has been specifically designed for future and existing entrepreneurs across all industries online and offline who want to proactively change the way they are handling their money matters and navigate the current environment with success. In this LIVE Training You Will Learn: Session 1: Cash Flow 101 & Why it is Important to Know your #s (Key #1) & Cash Flow Forecasting 101 (Key #2)Monday, October 11 at 2pm EST Session 2: Pricing 101 (Key #3)Tuesday, October 12 at 2pm EST Session 3: Stakeholder Conversations (Key #4)Wednesday, October 13 at 2pm EST Session 4: Putting into Practice your Full Set of Keys (Key #5)Thursday, October 14 at 2pm EST Bonus Sessions: Money Mindset, Success Stories & Q&AFriday, October 15 starting at 2pm EST If you want to make informed, powerful money decisions, you do not want to miss this important LIVE training. We kick things off on Oct. 11th so head over to bizpeace.com to get registered today. Rate, Share & Inspire Other Young Millionaires-in-the-Making  Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week's episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts. Don't forget to share your favorite episodes on social media!  Follow the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.

Deciding on a purchase can be harder than it seems. As a society, we are bombarded with choices and advertisements are everywhere fighting for our attention. People go about the buying process in many different ways, from researching everything to making a split-second decision on what to spend their hard-earned dollars on. So, in this episode, I am going to walk you through my purchasing pro tips to give you confidence the next time you are thinking about making a purchase. Listen in as I share the importance of contemplating whether you actually need an item before you spend money on it and how to decipher if you can actually afford it. There is nothing worse than buying something and then never using it. Not only did you waste your money, but you deprive yourself of something else you could have had instead. But if you follow these tips, they'll help you avoid this issue moving forward. “The first thing we should be thinking about is: do we need what we are contemplating buying?” - Tracey Bissett     This Week on Young Money: How to ensure what you are wanting to buy is actually necessary. Why assessing whether you can truly afford something before haphazardly spending is key. When you should ask the experts for help. How to avoid wasting your hard-earned money. The importance of doing your research before making a purchase. Key takeaways: Do your research. Understand your finances. Assess your wants and needs. Ask for help. Resources Mentioned: Tracey Bissett – Money Coach YouTube Channel Join us for the Financial Foundation to Entrepreneurial Peace Training - Learn the Keys to Financial Basics & Money Mastery With Money Coach Tracey Bissett Starting Monday, October 11. Register at bizpeace.com! This LIVE training has been specifically designed for future and existing entrepreneurs across all industries online and offline who want to proactively change the way they are handling their money matters and navigate the current environment with success. In this LIVE Training You Will Learn: Session 1: Cash Flow 101 & Why it is Important to Know your #s (Key #1) & Cash Flow Forecasting 101 (Key #2) Monday, October 11 at 2pm EST Session 2: Pricing 101 (Key #3) Tuesday, October 12 at 2pm EST Session 3: Stakeholder Conversations (Key #4) Wednesday, October 13 at 2pm EST Session 4: Putting into Practice your Full Set of Keys (Key #5) Thursday, October 14 at 2pm EST Bonus Sessions: Money Mindset, Success Stories & Q&A Friday, October 15 starting at 2pm EST If you want to make informed, powerful money decisions, you do not want to miss this important LIVE training. We kick things off on Oct. 11th so head over to bizpeace.com to get registered today. Rate, Share & Inspire Other Young Millionaires-in-the-Making  Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week's episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts. Don't forget to share your favorite episodes on social media!  Follow the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.

Today I'm going to be sharing how to maximize your employee benefits package. You've heard me talk about the importance of reading through legal agreements before, and the same is true when it comes to this area. Read everything related to your benefits, make notes, ask questions, and ask for a guide. To help you understand the important parts to be looking at, I'm going to break down the benefits into two groups: money for you and money savings for you. Listen in as I explain what an Employee Stock Plan is, as well as why you should always take advantage of employee matching through RRSP or TFSAs. You will learn the importance of reassessing your benefits annually and after any major life event, why you must understand what comes with naming a beneficiary, and how to utilize your Employee Assistance Plans. “Reassess your benefits if you have a life change, typically a marriage, divorce, or new dependent like a baby.” - Tracey Bissett     This Week on Young Money: How to make the most of your employee benefits. Why it is important to ask for help when you don't understand something. The two groups of benefits you should be looking into. What you need to know before selecting a beneficiary. The importance of reassessing your benefits after a major life change. Key takeaways: Do your due diligence. Ask questions. Assess your benefits annually. Understand what you are signing up for. Resources Mentioned: Tracey Bissett – Money Coach YouTube Channel Toronto Star Article - In Your Corner: The Key to Maximizing Your Workplace Benefits. Find out what they are Join us for the Financial Foundation to Entrepreneurial Peace Training - Learn the Keys to Financial Basics & Money Mastery With Money Coach Tracey Bissett Starting Monday, September 20. Register at bizpeace.com! This LIVE training has been specifically designed for future and existing entrepreneurs across all industries online and offline who want to proactively change the way they are handling their money matters and navigate the current environment with success. In this LIVE Training You Will Learn: Session 1: Cash Flow 101 & Why it is Important to Know your #s (Key #1) & Cash Flow Forecasting 101 (Key #2) Monday, September 20 at 11am EST Session 2: Pricing 101 (Key #3) Tuesday, September 21 at 11am EST Session 3: Stakeholder Conversations (Key #4) Wednesday, September 22 at 11am EST Session 4: Putting into Practice your Full Set of Keys (Key #5) Thursday, September 23 at 11am EST Bonus Sessions: Money Mindset, Success Stories & Q&A Friday, September 24 starting at 11am EST If you want to make informed, powerful money decisions, you do not want to miss this important LIVE training. We kick things off on Sept. 20th so head over to bizpeace.com to get registered today. Rate, Share & Inspire Other Young Millionaires-in-the-Making  Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week's episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts. Don't forget to share your favorite episodes on social media!  Follow the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.

Sabita Singh is the President of Trivetta Consulting Inc, which she formed in 2018. After recognizing the power of LinkedIn, Sabita specialized in becoming a strategic LinkedIn coach, trainer and speaker. She is now known for writing all-star LinkedIn profiles for her clients to improve their visibility. Today she joins the show to discuss how to build an ACTIVE presence on LinkedIn to attract new career and business opportunities. Listen in as Sabita shares the importance of staying in contact with your network regardless of how busy you may be with your career. You will learn the importance of having an emergency fund, how to add the right individuals to your network and how to write the perfect LinkedIn profile. “No matter how busy you get in your corporate job, take time to engage with your network because you never know when you're going to need help from someone.” - Sabita Singh This Week on Young Money: How to use LinkedIn to build a professional brand. If you can use LinkedIn to grow a business. The key factors that have led to Sabita's success. The importance of keeping up a network. What social selling is and how to utilize this in your business. How to build meaningful connections. Missteps to avoid when building online relationships. Key takeaways: Diversify your knowledge. Grow a savings account. Build a network. Personalize invitations. Connect with Sabita Singh: LinkedIn Website Resources Mentioned: Tracey Bissett – Money Coach YouTube Channel Join us for the Financial Foundation to Entrepreneurial Peace Training - Learn the Keys to Financial Basics & Money Mastery With Money Coach Tracey Bissett Starting Monday, September 20. Register here! This LIVE training has been specifically designed for future and existing entrepreneurs across all industries online and offline who want to proactively change the way they are handling their money matters and navigate the current environment with success. In this LIVE Training You Will Learn: Session 1: Cash Flow 101 & Why it is Important to Know your #s (Key #1) & Cash Flow Forecasting 101 (Key #2)Monday, September 20 at 11am EST Session 2: Pricing 101 (Key #3)Tuesday, September 21 at 11am EST Session 3: Stakeholder Conversations (Key #4)Wednesday, September 22 at 11am EST Session 4: Putting into Practice your Full Set of Keys (Key #5)Thursday, September 23 at 11am EST Bonus Sessions: Money Mindset, Success Stories & Q&AFriday, September 24 starting at 11am EST If you want to make informed, powerful money decisions, you do not want to miss this important LIVE training. We kick things off on Sept. 20th so head over to bizpeace.com to get registered today. Rate, Share & Inspire Other Young Millionaires-in-the-Making  Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week's episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts. Don't forget to share your favorite episodes on social media!  Follow the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.

I am passionate about helping young millionaires in the making accomplish their goals by becoming financially fit, and a key part of this equation is education. Unfortunately, paying for school can be stressful, but it is possible for you to reduce the financial burden with scholarships. So why not make use of other people's money? In today's episode, I am going to share secrets to scholarship success to make it easier for you to secure scholarships. Listen in as I explain the benefit of taking the time to apply for a scholarship—even if you are not in serious financial need or there are many other applicants. You will learn the best time to apply for a scholarship (hint: you can apply at any time!), why you should not solely rely on school-provided scholarships, and how to stand out from the crowd of applicants. “Use the opportunities that don't cost you anything and are going to give you opportunities to build your resume and make you stand out.” - Shelley Clayton This Week on Young Money: Why your grades don't dictate your potential for awards. The importance of applying for scholarships even if you believe there are too many applicants. Why it is never too late to apply for a scholarship. The benefit of applying even if you are not in financial need. Why writing a cover letter for your application is key. Key takeaways: Be persistent. Educate yourself. Put yourself out there. Stand out. Work hard. Resources Mentioned: Tracey Bissett – Money Coach YouTube Channel EP028 Fund Your Education with Loyalty Points by Suzanne Tyson of HigherEdPoints EP030 Janet MacDonald of MYCAMPUSGPS Navigates Postsecondary Education EP042 Best of Tips for Postsecondary Education EP048 Increasing Access to Post Secondary Education with Shelley Clayton EP113 Milli Moves: How to Pay for Postsecondary School with Suzanne Tyson EP122 Milli Moves: Accessible Post Secondary Education with Chris Wilkins, SchoolFinder Group EP152 Milli Moves: Scholarship Success with Shahab Rad, Centennial College Graduate EP159 Milli Moves: Seeking Scholarships with Glenda Healy EP171 Spotlight on Young Money Scholarship Recipients Leeah & Erica EP176 Spotlight on Young Money Scholarship Recipients Sharaf & Courtney Scholarships Canada HigherEdPoints My Campus GPS Seeking Scholarships Join us for the Financial Foundation to Entrepreneurial Peace Training - Learn the Keys to Financial Basics & Money Mastery With Money Coach Tracey Bissett Starting Monday, September 20. Register below! This LIVE training has been specifically designed for future and existing entrepreneurs across all industries online and offline who want to proactively change the way they are handling their money matters and navigate the current environment with success. In this LIVE Training You Will Learn: Session 1: Cash Flow 101 & Why it is Important to Know your #s (Key #1) & Cash Flow Forecasting 101 (Key #2)Monday, September 20 at 11am EST Session 2: Pricing 101 (Key #3)Tuesday, September 21 at 11am EST Session 3: Stakeholder Conversations (Key #4)Wednesday, September 22 at 11am EST Session 4: Putting into Practice your Full Set of Keys (Key #5)Thursday, September 23 at 11am EST Bonus Sessions: Money Mindset, Success Stories & Q&AFriday, September 24 starting at 11am EST If you want to make informed, powerful money decisions, you do not want to miss this important LIVE training. We kick things off on Sept. 20th so head over to bizpeace.com to get registered today. Rate, Share & Inspire Other Young Millionaires-in-the-Making  Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week's episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts. Don't forget to share your favorite episodes on social media!  Follow the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.

Today's #TBT episode discusses Cash Flow Forecasting in Business Central. Cash Flow Forecasting is the process of obtaining an estimate or forecast of a company's future position and is a core planning component of financial management within a company. Subscribe to the Podcast on all Platforms! ➢ https://www.solsyst.com/podast-locations

https://www.BusinessBuyerAdvantage.com https://www.HowToSellMyOwnBusiness.com Learn more at https://www.DavidCBarnett.com Related article... The difference between one truck and 500. Dan was watching an old video of mine about valuing small businesses and posed a question about something Warren Buffet says. Basically, Buffet doesn’t like EBITDA valuations because he doesn’t believe that little fairies will pay for the equipment and machinery used in a business. But, as I teach in this week’s video… the depreciation figure you see on the paper is NOT the way to ward off the magic fairies… Learn the answer to this question and more in this week’s video: https://youtu.be/_S2m1dieX6w Learn how to be amazing at creating cash flow forecasts and business plans by enrolling in the David C Barnett’s Cash Flow Forecasting and Business Plan Writing program here: https://www.BizPlanSchool.com Learn how to buy an already-successful and profitable business even in the covid-recession of 2020 https://www.BusinessBuyerAdvantage.com Book a call with me at https://www.clarity.fm/davidbarnett Stop missing my new videos. Join my email list here: https://www.DavidCBarnettList.com business broker business brokers mergers and acquisitions m&a smb

Colin Hewitt is founder and CEO of Float, a cash flow forecasting and scenario planning SAAS application. Prior to founding Float, he founded the digital agency IfLooksCouldKill and ran it for 10 years before selling it. Float now has over 30 people with offices in Edinburgh and Sydney. They've reached a goal of over one million in recurring revenue annually, and now have a goal of ten million.

Entrepreneur Aligned's Tiffany Charles and Jarrod Musick discuss understanding forecasted balances better in order to avoid stressful shortfalls and missed opportunities.  What's Discussed in This Episode: What are the best investments you've missed out on because you didn't have cash available? What have you had to pass up on in your personal life because you didn't have cash? Personal anecdotes and a real-world example are given in order to represent how rolling forecasts for cash needs let you keep less in cash and have more for better uses. Welcome and introduction of topic and case study [1:09] Successful Sip [1:41] What are the  best investments that you've missed out on, because you didn't have cash available? What did you have to pass up on in life, because you didn't have cash available?  January cash flow discussion and two question that people need to consider about cash and why holding it matters [2:40]: Observations on how if you're always over-optimized to have every dollar invested in your company, you don't have the ability to say “yes” to travel, for example [9:25] Discussion of “a process of saying “no” to the good so you can say “yes” to the outstanding” [11:27] Overview and analysis of a case study about a family who missed out on their ideal house because they didn't have enough assets for their $2.5M dream home when it became available on the market [13:25] Answer the question of, “How do we make sure this doesn't happen again?” [15:35] Specific details of cash flow mapping and what-ifs in regards to business capabilities to deliver personal wealth, exit transactions, trade-off analysis and time and tax obligations [16:41] Setting mental guard rails to when you can consider saying “yes” to your plan [21:01] Examples of client processes and key factors in helping entrepreneurial clients make their best investments [21:34] Summary and discussion of planning and key “yes and no” factors to help you have the cash on hand so you can say “yes” to the things that are right for you and yours [25:11] Connect with Entrepreneur Aligned:  Like on Facebook: https://www.facebook.com/entrepreneuraligned Connect on LinkedIn: https://www.linkedin.com/company/entrepreneuraligned Follow on Instagram: https://www.instagram.com/entrepreneuraligned/ See omnystudio.com/listener for privacy information.

Cash Flow Forecasting With Louise Delaney Josh: G’day everyone out there in podcast land. There is a gap in many businesses ad that's cash flow forecasting. It's too expensive not to have good cash flow. So I've got a special guest here, I've got Louise from Cash Flows For You. And she's going to talk to us about how you can better your cash flow and make sure you keep good records of that and make sure you know where you're going, especially at a time like now. So, Louise, tell me about your pain story and how you learnt those need in the industry to start cash flows for you. Learn more about cash flow at dorksdelivered.com.au Louise: Oh, hi, Josh. Thanks very much. Good question to start off. So actually, the pain that I felt was personal running my first business, which was a law firm, and I'm not a lawyer, I'm a business owner, and my business partner was a lawyer. And there was a massive disconnect between the work coming in and delivery and when we were going to get paid, and then the bills and how I was going to pay wages and practice subscriptions and all these things. And so the stress was real, and I wasn't sleeping and I went to bookkeepers and accountants, you know, who are very focused on the backwards view and doing the right thing with the general ledger. And I couldn't get the forward view that I needed, or the control of my cash that I needed. So I did some research and started it myself. And I swear by the 13 week rolling cash flow, which was originally a Keith Cunningham design, and is now a hybrid Louise Delaney design. Josh: I know myself, you see people and you hear all these different ways that people try to combat cash flow. And even in a home sense, you got, okay, let's have one bank account for holidays, another bank account for personal fun stuff, and you might spend 50 bucks a week on yourself and then spend $100 a week on your holiday or whatever the breakdown happens to be, then all of a sudden, you get this crazy bill and you ah man wasn't expecting the car engine to blow up, the insurance to come through the whatever that happens to be. And I guess having good cash flow practice and good cash flow hygiene is all about understanding where that's going and where you're actually sitting. So you're normalising your understanding of how much money is actually coming in and going out. Would that be fair to say? Louise: Yeah, definitely. And it look at the measuring business that most of us don't have when we start a business. You know, we measure our marketing, we measure our sales, but we never measure our cash. It's like anything. If you've got visibility of it, you know, you can stop stressing about it. It’s not running around in your head, you're not guessing. So when those unexpected bills come in, you're like, ah, didn't really plan for that. But that's okay. Because I know what my cash is doing. And I know how to manage that. Josh: Yeah. And when you have that data, you can then make decisions, you can make decisions without the data. And I see just from an IT perspective when we go into businesses, the amount of waste that people have. They'll be spending something because they've been spending something and there'll be things with it, they might be on a phone plan for their business where they're spending $1200 or $1500 dollars a month, we went in, and at this stage, we hadn't started doing this as many, many years ago, I saw the bill sitting there on the table and because I'm your eyes wander, don't they? And then I had a bit of a look. And I said is that what you're paying? And they said, Yeah. I said, oh my goodness. Why? I’m like what is it doing? It has this working and I had a look and I said I said I'm sure we could do it better price for you than that. And I looked through and $200 a month is what it got down. And I guess always doing something the same way doesn't mean that it's always the right way to be doing that. And always just paying the bills as they come in, you have this haphazard approach, you're always trying to think, okay, on my net terms, right with the clients that I'm working with, or some bigger firms, like you'll have like three months before you get paid off, you do your work. Louise: Yeah. And if you can see it, you can alter it. So if you've got low sales, you'd have a look down and go, where can I save some money here? And that makes you focus on those bills that you've always paid at the same rate and never question. So it definitely gives you eyes on the numbers without thinking about it from a spreadsheet point of view. It's more of a personal connection with how am I going to pay these bills? And where can I save some money just so you can get to keep more cash. So it definitely holds you accountable for where you're spending your money. It also highlights if you need to increase your sales to keep paying a $400 Telstra bill or is there a better way to do it. So it helps you to push towards making decisions, to get smarter with your cash. Josh: As I said, in times like now, businesses, I'd say some are in a holding pattern, some are nosediving, some are skyrocketing, some, they're all over the place. It doesn't really matter what part you're in, if you're going up, down, left, left or right. If you don't have good cash flow, if you don't know where your numbers are, you don't know where your expenses are going, you can very quickly go backwards. That's something I've noticed with business owners that are bringing in $400,000, $450,000 profit to themselves a year. So they've got businesses with 40 to 60 employees, and they're bringing in a reasonable amount of money. But they're also spending a reasonable amount of money. I kind of put the analogy, like you've got your hands and you can't see this on the podcast you put your hands out. And if you grab it like it's raining money, some people hold them ready to hold that money, just in case there is a drought coming, other people hold them and the money just flows through their hands. And then when that drought comes in, they starved. Louise: Yeah, you asked at the start was this and what was my pain, the other pain point was my business coach, and my accountant was saying, oh, look at this profit, look at this profit. And I was like, have you seen my bank account? Like, where is this profit, we can't spend profit, you know, it's a cash that's going to be, once you've got that foundation that's going to allow you to get to profit, if it's slipping through your fingers, as you just said, then you're on that rodent wheel, and you're never going to get past it to actually make clear profit. And so your foundations of your business grow. So you can make those decisions, and look, you know, whether you're going up in your business, or just trying to stay alive, you know, getting some control over even if it's a tiny little bit of money coming in. In fact, that's even better. That's what happened with COVID, people stopped, you know, a lot of people didn't earn as much or didn't get as much cash coming into their business, but they also dropped all their expenses. So you know, it's managing what's coming in, and what's going out, and making sure you're setting clear goals for that money that you're going to keep in the business. Because if you haven't got a buffer, you know, or a goal, you know, like it might be to start a craft beer brewing company [hypothetically], just saying, maybe, want to have you know that on your goal is so you know why you're trying to retain cash in your business for the foundation for the next growth period. Or even if it's to get out of your business, to be able to present somebody with solid cash flow forecasting, then it's a great exit strategy as well. Josh: I can resonate well with the craft brew story there for some reason. I know when I started out in business, what I did is I had about $1,000. I’m like okay, let's see what happens. I have $1,000 and at this stage, it was the side hustle working for Education Queensland. And so let's see what happens, where does this go. Put $1,000 in and pulled out $1500 and I said okay, cool, cool, cool. I'll take my $1000 back, use that $500 and make that $1000 and then that $1000 turn to $2000. Then before I knew it, I was working with Education Queensland and bringing in $4,000 a month doing this side hustle, as it's known, this side hustle. And then then it started just creeping up from there and up from there and I went okay, this is becoming pretty real. I thought what would it take for me to jump and this is what a lot of people, if they want to keep their security net of their own job, what would I need to jump? And some people go I just need 12 weeks and all we had to set up a million dollar business. You know, good luck. Don't do that. Get to a couple of conferences and talks to some business owners and some mature business owners first, but I had the business running as a side gig for three years and I'd saved up enough for all of the expenses for six months, even though the business was sitting on a recurring basis bringing in money. So I had a positive reoccurring income and then I still had six months of expenses, just in case all of that disappeared, and that was my safety net. Louise: Well, why did you have that insight so early in business? Josh: That's a good question. I don't know. I started my first business, wasn't the IT business, I started another business which is all around it's really boring, but making numberplate brackets, which was just a lighting loom and fixtures on number plates. And when I made those, the process wasn't very automated, ended up automating the process and seeing that I needed to have some money kept aside to be able to buy parts and whatnot. So I guess there's an element of that where I had all the responsibility for myself there. But I read every book that I could get from the government on GST and starting a business beforehand. So I did it the cheapest way possible in reading the literature that I could get for free. And then I just sort of had a look and thought, what would it take for me to make the decision? If it wasn't going wee? If something went belly up, how long would it take for me to get another job? Where is my risk level? And would I be comfortable in losing a certain amount of money? I’m like okay, at that stage was 60 grand. I went if I lost 60 grand, how annoyed would I be? And my whole thought was, I've learnt the whole way along the journey. Although I would lose that money technically, it was money that I've only earned through the process and setting it all up. As anyone knows it's been in business for a while, that's a seasoned business owner, the passion you get in for business is a lot of times sideline from the other things that you need to be doing in business to keep the business running. And I'd learned all these other different things. So, okay, well, I've still learned a lot. And if I had to go to university to learn that, I probably would have spent the same amount of money. So that was kind of like the sort of thought process that I went through and I thought in case something goes really wrong, I could still go get another job. But if I couldn't get a job for six months, because there's a global pandemic or something, something really terrible… Louise: You thought that I'm sure. Josh: No, that wasn't, that wasn't on my radar at all. Louise: You’re still very strategic, you know that, I mean, that's a strategic approach to business and managing your risk. So that's pretty impressive. A lot of us business owners, when we go into business, we might do the number crunching to get started. But then we stopped looking at it going forward. And you know, and in fact we’re fearful of looking at it, or we think that this is as good as it gets. So with that strategy that you used to start the business, it would be brilliant if every business owner could take a few weeks off, maybe go to Thailand or Bali every year, or maybe just Queensland, and do that same strategy planning again, and base it around your foundations for building your business, in particular for this conversation, your cash, you know, what's my break even. Like, when COVID hit the first thing that my clients did was look at their numbers and go right to how long can we last? When do we have to start laying off people? You know, when do we drop out office space or ask for a reduction on our rent? You know, this was all before the government stepped in with Jobkeeper and things like that. But having that business plan and strategy, continually, as a business owner for working on business skills, on business tasks, it’s going to be, you know, the best roadmap through business, rather than just hoping to God it's all going to work okay, because then when COVID hits and you go or anything, you know, your key employee leaves, the price of something goes up, you know, you can look at your numbers and go, all right, well, that's only going to affect me for this time, I need to pedal harder and get more sales, and make sure that I maintain, you know, the momentum in my business, or even when to drop staff so that you can go back to just being you running the business, you know, because they were decisions we all had to look at when COVID hit. Josh: Over the years, even though I've done some planning, I over planned probably of anything, more planning the execution. But if anything, what I've noticed over the years is every business has these problems. And I had a vertical that I was working with, that was working really, really well. And we thought this is fantastic. They were growing very, very quickly. And so we went and invested a whole bunch of money in new infrastructure and data centers in Melbourne and Brisbane. And then a month after doing that, having $80,000 worth of cash that just outlaid towards this infrastructure that was going to allow us to sort of 10 times our business growth, the whole thing came tumbling down. And I was like, oh, that nearly killed us. And then I've had the key employee disappear as well, definitely this silver lining now, but at the time, the breakup of business partners and things like that, which doesn't help, shit happens as it would be, it’s good to be prepared as best you can. But having that rainy day like for me, my risk threshold was six months. But what I learned was interest compounds interest, other people are going to smile or frown depending on what position or business they're in. But when you've got $60,000 sitting in your bank, and you're running a positive business, every day that that still happens, you've still got more money coming about, admitedly not much at the moment with the RBA rates, but it's something. Louise: Yeah. But it's also emotional interest. You know, like, if you've got 100 bucks in your wallet, or 20 bucks or 500 bucks, you certainly feel a lot wealthier than if you've just got a card. [Absolutely.] I find when you start doing your cash planning is like saving in the piggy bank, once you start seeing, you know, your cash balance going up, you know, and I do mine on a spreadsheet or a dashboard. Once you start seeing that cash line go up, you get more efficient at how you use your cash, because you know it's not yours. It's the business and it's whether you want to stay in business for a long time or a short time or hit a peak. You get a bit greedy with your cash. But when you make decisions, you make them without the emotion attached to it. It's the numbers that are really blindingly obvious that are pushing you towards that decision. Josh: Everyone has that feeling of dopamine release when they go oh I just bought something cool. But when you buy something on the credit card you have that and when you buy that out of your own cash, you have the same feeling. But a week later, or 55 days later, after the interest free period, you think, oh crap, then then you dive down. And once you become cashflow positive, there's a stress that’s lifted off your shoulders. Louise: Totally, like I don't even run my law firm now with a credit card, you know, and it took me about five years, I always had probably 10 grand on that credit card. And not in the interest, I still paid it off bits and pieces, but I would have paid interest to the bank for having that. And that was, I didn't even need it, I used it because I was scared to use the cash in my business in case I didn't plan for bill properly, or there was, you know, extra taxes that you hadn't planned for. So now I run that without a credit card. And I do have a credit card in my personal life but same principle. As soon as I use it. It's awesome to go and do the transfer to pay it off again. [Yep] you know. And it hasn't always been that way. I've been burned for sure using a credit card. But it's also nice when one of the benefits of cash flow planning is if you've got a 12-month subscription for something, you can pay it monthly or weekly or six monthly. And it's better for cash flow to do that. But psychologically, it's amazing to be able to go, I've got enough cash just to pay for that. And I'll take the 10% or 15% discount, you're going to give me for that. Josh: I completely agree. All these discounts are out there ready to go and get them and on the credit card on interest. So I have a credit card and I pay it out each month. I'm like, woo hoo, I had a look, it was early this morning that my credit card issued. And it sounds like I'm making this up. But it's legit the truth. I had a look. And it was $18,000 on the credit card. I thought okay, that's, that's alright, because most of the business expenses go through it, and then just get paid off at the end of the month. And it said, if you make the minimum payments, this will take 98 years to pay off and there'll be $780,000 worth of interest. I was like, what the hell? I was like, why? My goodness, and that is straight up interest, compound interest. I’m only using the credit card now for purely stupid rewards points. Louise: Now, I need to talk to you about that. This rewards plan, I have another client that is very difficult to do cash flow forecasting for because everything goes on the credit card. But she did it too, because of the Qantas points and all the rest of it. Well, I say maybe that should be revisited now. Just change the payment cycle. You'd almost say, well, you don't pay interest anyway. But a lot of people do, the money that you would save in interest just to get the points, you could just you know, you could probably buy Virgin at the moment, I believe. Josh: That's right. Oh, definitely, if you aren't paying your credit card debt, get rid of the credit card as soon as you can. I don't know why, I'm still feeling stupid having it. It's annoying actually, because it's one extra thing, it doesn't sound like much one extra line to reconcile for the bookkeeper. One extra thing to keep in your wallet, it’s just one extra thing to get hacked. It's just one extra thing. It's just annoying. You might know more so than me, international fees. When you have these international fees, and you buy something overseas. So I've actually got two credit cards, I’ve actually got two credit cards, I got one for overseas purchases, that has no international fees. And looking at when I move that across it I have saved a couple thousand dollars for any of the software products we are buying overseas. I don't know how that company stays around but I'm okay with that it’s only a very low value credit card. So it's like $3,000 a month or something like that. With the primary credit card for the business, everyone's going to know my whole setup now. Louise: This is a like a truth serum podcast. Josh: It is, isn’t it? Hi, my name is Josh. And I've got two credit cards. The bigger business one, the International transaction fees, they're ridiculous. You know, if you get those on, if you're not using a credit card, if you're using a normal bank account with a Visa Debit, or something like that attached, do you know if that's just probably more of a banker question? Louise: But my background is banking, but it's been a while and transaction processing actually. And I don't know the answer to that. But I do know that in my bank account, if someone is paying me from overseas, I get charged the international fee. And if I have to refund somebody to an overseas bank account, I get charged the international fee. So I imagine that it's just their processing fee. Josh: Okay. That was definitely adding up on that credit card, which is why I got the second credit card. Louise: I don’t know the way around that is, but now's the time to approach the bank and find out what the way around that is because, you know, as the consumer, it's in our hand to be questioning this. Josh: Yeah, absolutely. There's definitely interest to be saved across the board. That's something else, I guess with cash flow management, looking into things if you do have overdraft facilities or if you do have different things such as loans, whether they be equipment finance loans, or even your home loans and things like that. Some of the rate variance is huge. I had a look at for us again, I'm getting probably back to the personal loan stuff now, but I look and changing from one of the Big Fours across to one of the others that are just online only type lender, without bringing up names or anything, I was going to be saving $10,000 a year in interest. [Really] On a home loan, I was like that is pretty substantial. I was like that's a huge amount. And my current home loans are in the, like, mid low threes. And but with the big four verse. One of the online only is which were low twos. Yeah, both variable. So they're both comparing apples with apples, both with offsets, but with everything else. We’re probably slipping away from cash flow stuff now. Louise: Well, it's making you look at it, though, isn't it? [Absolutely] Maybe cash is going because we could all use an extra 10k? Josh: That's right. I looked at my bloody hell that's like, not that I'm going out to dinner every week for 10k a year. That's nearly thousand dollars a month. Louise: Or you will own your home earlier. Josh: Absolutely, that's right. Louise: If you want your investment property for negative gearing they used to call it or tax reductions, then you go to one of the Big Fours. But if you want to get your personal residential property paid off quicker, go to one of the old shop around and find a better rate. Josh: Yeah, that's right. Absolutely. I think you've definitely given a few tips here that are really awesome to do with cash flow, making sure that he's keeping on top of it being positive, where you can. Spending time to be able to have that cash flow. Even if it might take a few years to build up to a comfortable spot for you, can do it with a beer in hand traveling around Queensland possibly until the borders open up and then come to a spot where you go, okay, in a few years, I can now start buying things saving 10%, 15%, 20%, even 30% on some of the software out there, if you're buying it per year, and I know us we offer a pretty substantial discount on IT services if paid yearly, definitely worth thinking about. So if there was to be one book that you suggest anyone to read, what would be that book that would that influenced you or that should influence them? Louise: Oh, aren't you writing a new book, Josh? Josh: I am writing a new book on lemons. Louise: On a serious note, I love the Keith Cunningham books. They're brilliant. And you said one book, but I am going to over extend that and say Barefoot Investor, Profit First from Mike McCalla, who has just written Fix This Next which I'm just reading at the moment. And really the foundation for me for getting your head around cash flow management when you don't have an accounting degree or your not a bookkeeper. Josh: I can vouch for profit first and barefoot investor both fantastic books. Before we head off, is there anything else you'd like to ask all leave our audience with? Louise: I guess the key really in the cash flow management and the motivation to keep doing it weekly, is to get clear on your goals, actually know the dollar value of your goal. It doesn't matter what it is, if it's 200 bucks, or another business of 2 million, whatever it is, get clear on your goal and then reverse engineer how you're going to get to that goal. So whether it's more sales, less expenses, double everything you're doing to get there quicker, until you know what your goal is or your comfort zone, your goal may be to reduce your risk. You know, if the industry changed that you're in and you got wiped out, or the industry got wiped out, you know, your goal might be to keep going for six months until you can change your direction of your business or get another job or whatever it might be. So that's probably the way I would get started with my cash flow and just get started. You know, until you start writing it down on a bit of paper or on a spreadsheet, just get started. And you know, really quickly you'll get excited about the results. And if they're not exciting results, at least you know about them and you can do something. Josh: And if you haven't liked your results, jump over to cashflowforyou.com and jump across the book a discovery call Louise will be more than happy to go through what she can do to help you out and make sure that the results make sense and that you do have achievable results with micro milestones. One of the things I love saying is if you aim for nothing, you'll be sure to hit it. So make sure you've got some goals in place. It's very important. Louise: Brilliant. Brilliant. Thanks Josh. Josh: No worries if anyone out there has enjoyed this episode, make sure to jump across to iTunes, leave us a review give us some love. And as I said go to cashflowsforyou.com if you're looking to hear a bit more information about how you can better your cash flow better position become positive, and not just in your money but in your emotion as well. So everyone out there stay healthy and stay good.

Cash flow forecasting is at the core of growing a business. In this episode, Adam Torres and Judy DeFeo, Founder and CEO at JADDE Financial Solutions, explore the ins and outs of cash flow forecasting.Follow Adam on Instagram at https://www.instagram.com/askadamtorres/ for up to date information on book releases and tour schedule.Apply to be interviewed by Adam on our podcast:https://missionmatters.lpages.co/podcastguest/Visit our website:https://missionmatters.com/

CFO Bookshelf is impressed with the Canadian software company called Dryrun which specializes in cash flow forecasting. The co-founder of the company, Blain Bertsch joins us to talk about his company, the software, and cash flow modeling in general.

Most of the time we assume that we know a lot about our business when actually we don't. As I said before, one of the mistakes that Recruitment/Search Business Owners do is focusing so much on getting “X” amount of revenue, “X” amount of leads, basically, the marketing world that they forget about the other significant part of their business. So today, I'm going to talk about Control of your finances. As a Recruitment/Search Business Owner you should be able to get a monthly report from your accountant. If you're going to watch this video, I have shared how I manage my accounts. Now, if you still don't get it, sit down with your accountant and ask questions like a 5 year old. The only way that you can get control of your finances is to understand how it flows and to get your reports in place. Next is get yourself a forecasting model. This will give you control of what you want to happen in the next 3, 6, 9 months. This may sound grand but it's just a spreadsheet. A spreadsheet with thought in it. When people come join the Inner Circle, they come for the automation and all the shiny stuff. The reality is we're all about building businesses and this is a key fundamental in building a business. Want to learn more? Book a FREE appointment with me now: https://rmi.as.me/schedule.php OR Email me at andy@recruitmentmarketinginternational.com. Cheers, Andy The Laptop Recruiter Recruitment Marketing International http://recruitmentmarketinginternational.com

Visit https://www.BizPlanSchool.com to enroll or watch the demo video Lifetime access to the materials.

Join the Adventure group here: https://gum.co/BizBuyerAdventure Take the Cash Flow program here: https://gum.co/smallbizforecasting Visit my blog at https://www.DavidCBarnett.com Related Article: Happy Birthday Adventure group! A year! Can you believe it? The Business Buyer Adventure group has been meeting for a year. There are over 30 call recordings. 12 expert guest calls. Oh, and BTW, the Financial Forecasting and Business Plan Writing program is also finished. Learn all about what’s going on in the update video here: Join the group. Meet others like you who want to take action to buy a successful business. Participate in our group calls and learn from other member’s deals. Sign up here: https://gum.co/BizBuyerAdventure If you are ever going to have to make a presentation to investors or lenders one day, The Cash Flow Forecasting and Business Plan Writing program is for you… also if you just want to see if your expansion or new idea is even feasible. Sign up over here: https://gum.co/smallbizforecasting

Most builders use a "Hope" strategy when it comes to the profit from their projects. I would prefer you used a measured approach that has flexibility and give you the best chance of making a GENUINE profit! Wouldn't you?

Sign up for the Adventure group: https://gum.co/BizBuyerAdventure Sign up for the forecasting program: https://gum.co/smallbizforecasting Learn more and join my email list. https://www.DavidCBarnett.com Related Article: There’s lots going on in the Business Buyer Adventure group. The other group too. Hi, There’s been a lot going on this winter in the Business Buyer Adventure group. This past week we learned about some of the different ways a deal can get derailed and how you can get it back on track. Our Adventure calls are getting more and more live participants. Members are adding value to the conversation by sharing thoughts and opinions with each other. And these are not just random ideas- Every member of the group is an achiever in their own domain, and about half of them already own businesses! Watch the complete update video here: https://youtu.be/pshoxQAXht8 Join the group. Meet others like you. Participate in our group calls and learn from other member’s deals. Sign up here: https://gum.co/BizBuyerAdventure Also, find out what’s been going on in the Cash Flow Forecasting and Business Plan Writing Course. If you are ever going to have to make a presentation to investors or lenders one day, this program is for you… also if you just want to see if your expansion or new idea is even feasible. Sign up over here: https://gum.co/smallbizforecasting

In this Episode Paul delves into his weeks highlights which includes an interesting trip to Ireland. We have an in depth conversation about particular struggles SMEs can face in business. This is a wide subject area so we hone in on cash-flow in this episode. Planning is everything and Paul explains why. Is forecasting a valid option for helping you with cash-flow in your business? Find out in this episode. This weeks tracks: Venus by Shocking Blue: https://www.youtube.com/watch?v=aPEhQugz-Ew Never MArry a Railroad Man by Shocking Blue:https://www.youtube.com/watch?v=tA14_lmnRHE 

Colin Hewitt is founder and CEO of Float Cash Flow Forecasting, an app for Xero and QuickBooks Online that helps produce really visual and intuitive cash flow forecasts. After running his own creative agency and struggling to produce cash flow forecasts in a spreadsheet, Colin founded Float in 2010. Now he and his team are on a mission to help small businesses understand their numbers and produce accurate forecasts in a fraction of the time compared to spreadsheets. Colin lives in Edinburgh, Scotland, with his wife and their three children Float Cash Flow Forecasting Float cash flow forecasting provides businesses and their advisors with cash flow forecasts that are highly visual, accurate, and take a fraction of the time to prepare compared to spreadsheets. Business owners are able to easily understand and use Float to predict the cash future of their business, no accounting background necessary. Our daily sync with Xero and QBO means that all of your data is pulled through to populate your forecasts, helping you spot cash fluctuations in advance and have confidence in your future plans.

In this episode, I'm talking with Stuart Hunter, National Head of Sales Australia and New Zealand at Futrli.Futrli is an online service where you can get all the answers about your business in one place. Their platform combines existing business data (it integrates seamlessly with Xero) with planning for the future, to help businesses and their advisors make the right decisions.Stuart started with Futrli back in 2015 when it was still called Crunchboards. He's moved from a client support role into a Business Development role where he has helped grow Futrli to be a surplus $1m pa business which is changing the way business owners get their data.Futrli runs weekly webinars "Meet Futrli: An introduction for businesses and accountants"to give you a deeper understanding of the product and how it can work for your business. Register here for the next webinar. Or if you're ready to jump straight in and give it a go, register for a FREE trial here: https://app.futrli.com.au/#/register

Today I'm talking about how to prepare a manual cash flow forecast for your business. This is important for a few reasons, it allows you to predict your cash at bank at the end of each month, it gives you an opportunity to review expenses (before they hit your bank account) and gives you the foresight you need especially in start-up and growth phases where external funding might need to be arranged.Learn more about Amanda's Business Cash Flow Mastery program

Cash flow forecasting is a great tool smart CEO's use to guide their companies to higher levels of success. 

Liquidity risk may be the farthest thing from a credit union executive's mind. However, liquidity risk is a dynamic concept which can change very quickly. We will demonstrate the scenarios where a credit union could go from being very liquid to liquidity-sensitive in a very short period of time. We will also demonstrate the most common approaches to identifying and estimating liquidity risk. Chapter 8: Rules for Cash Flow Forecasting – Stress-Testing Possible Scenarios

Trying to wake up the small business owner to the value of business and cash flow forecasting.