120 - Getting started with cash flow management
On this episode, I give an introduction to cash flow management and share how you can get started with my super simple approach.
Let’s face it, 2020 has been a financial shitshow for many of us. I'm kicking off the Money Series on my podcast with a discussion on cash flow management. The Money Series will cover personal budgeting, business budgeting, how much to pay yourself, specific tax deduction and bookkeeping questions and how to get more revenue in your business right now with upsells, cross-promotions and more.
Today’s topic: what is cash flow management? And once a client pays you, what happens to the money? We’re talking where it should go, how to get paid and ways to intentionally manage your cash flow management.
Previously on the podcast we’ve covered the basics of Cash Flow 1.0 – putting all your business money into a business bank account to pay your business expenses, then transferring the money to our personal account once we . That’s the place to start, even if you’re not legally required to.
Today I’m talking Cash Flow 2.0 and sharing an excerpt from my book, Unf*ck Your Biz – The Book, to answer the question “Do I need a separate bank account for my business?” and discuss how to manage cash flow.