Have you ever used a cash flow plan in your business?
If not, this episode is about to change the game for you. I know you might not be a numbers person, but I promise the simple financial knowledge and skills in this episode will go a long way for your business.
In this episode, I’m joined by Michelle Loretta to talk about cash flow reports, financial strategies, and why you need them in your wedding business plan.
Michelle Loretta is a strategist for the event industry and creator of Be Sage Consulting. She’s been educating, coaching, and consulting event professionals since 2009. With a degree in accounting, roots at the Big Four firm Deloitte, and experience running her own stationary business, she dissects numbers to help businesses level up their earnings. These days, Michelle primarily provides financial strategy services and fractional CFO consulting to event business owners.
If you want to see your profits rise, stick around for this episode.
Topics We’re Covering in This Episode:
- What a cash flow strategy and plan is
- Questions to be asking yourself as a small business owner
- How to know when to take a risk
- How to create a cash flow report
- Investing in basic financial education
- Getting used to listening to your numbers
- How to use your cash flow report to make business decisions
- Networking in an effective way
Without any kind of financial plan, it’s difficult to make decisions for the future of your business. It’s also pretty stressful for you if you don’t know how much money you’re going to have coming in three months from now. This episode will help you lay the groundwork to create a simple cash flow plan and start making the best financial decisions for your wedding business.
To get a head start, go to besageconsulting.com/cashflow and grab Michelle’s cash flow sheet. This worksheet will make it even easier for you to set up your cash flow plan and get started!
Resources Mentioned:
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Recent Episodes:
Episode 57: Why You Need a Brand Ambassador (and How to Get One)
Episode 58: How to Be the Cheif Operations Officer of Your Business
Episode 59: Getting Out of the Urgent
Episode 60: It’s Time to Work on Your Money
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