You can be forgiven for seeing a cash flow plan and a budget as one and the same. But in our experience, an effective cash flow plan is one of the most useful tools a business owner, incorporated professional or entrepreneur can use to organize and clarify their financial future. Or anyone for that matter. Here’s why… A strict budget is like a strict diet. When you go over budget you feel like you have failed. Often being on a…
Many business owners and incorporated professionals find it hard to properly structure their cash flow and this means they end up paying more tax. This decreases their ability to allocate cash towards their goals and prevents them from achieving what they want in life. In this article, we are going to explain how to structure your cash flow and get a clear picture of where your money is going. 3 Steps To Proper Cash Flow Planning 1. Do a full…
