The CASh & Power of One Virtual Workshop

Description

Your business is an ecosystem. One of the most important resources in that ecosystem is cash.

Money rules the world, and it also rules your business. You, as the business owner, need to know how that resource is flowing through your business – how long does it take for the investments you make to pay off into profit you can put in your pocket?

This is the focus of the CASh worksheet: to generate ideas on how to improve your cash conversion cycle so you can turn every dollar spent in the business into a dollar of profit faster.

BUT WAIT, THAT’S NOT ALL.

We’re also covering the Power of One worksheet during this virtual clinic. It’s a what-if tool designed to get your creative juices flowing by asking you how your bank account would look if seven key financial areas of your business were 1% better.

On this workshop we’ll cover:

• The Power of One Worksheet: What if the seven most important areas of finance in your business were 1% better? How much more money would you have in the bank, how would your cashflow look, and what opportunities could you capitalize on that you’re missing out on now?
• The Cash Acceleration Strategies Worksheet: Generate 20 new ideas to improve and accelerate cash flow!

Guess what? Neither of these worksheets asks you to make MAJOR changes. They’re both simple brainstorming exercises that can massively increase your liquidity by asking you simple questions about areas of the business that are commonly overlooked.

Resources

• The CASh & Power of One Worksheets

Chapters

• 00:02:11 — The Virtual Workshop Introduction
• 00:06:23 — The Stages of Business Growth
• 00:14:28 — The Power of One Worksheet
• 00:30:07 — Why Debt is Good
• 00:35:12 — The Impact of 1% (and/or 1 Day)
• 00:38:47 — Some Ideas to Hasten the Cash Conversion Cycle
• 00:43:54 — How Often Do You Need to Complete the Power of One Worksheet? (and the EBIT Column)
• 00:48:47 — The Cash Acceleration Strategies Worksheet
• 00:51:16 — CASh Part A: Ways to Improve the Sales Cycle
• 00:58:02 — CASh Part B: Ways to Improve the Make/Production Cycle (or Inventory Cycle or Product/Offer Development Cycle)
• 01:02:36 — CASh Part C: Ways to Improve the Delivery Cycle
• 01:13:39 — CASh Part D: Ways to Improve the Billing/Payment Cycle