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We can't manage the funds in business

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Do you have a budget or a cash flow projection?

Report Donald's answer

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Managing funds is all about financial discipline. Plan ahead and keep reviewing every month or quarter. Prepare a annual budget by month and track actual against each head. Keep a head as Others where all unplanned spend is reported. You will soon discover where the money goes.

If shortage of fund and tight position if faced, cash flow gives a good control on what you spend and what you earned, and the net. Needs daily discipline to maintain this.

Report Amitava's answer

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Would be glad to explore the challenges as well as the opportunities before you ... I'm sure the crises has become even worse over the last few months ... Do let me know ...

Report Jayant's answer

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Mahesh Balaji,

You have made the same promotional entry in over a dozen questions at this Q&A Feature. They have been reported as spam.

If you wish to connect with member of Micro Mentor, I suggest you send them a request using the system features for that purpose, rather than spam the Q&A venue.

Report Kenneth's answer

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Dear Kenneth my answer to any entrepreneur is very straight please connect over a call or send me a whats up message on my number how does it become a spam.PErmit me to mention those who have connected have had a fruitful discussion. Sorry to say please do not have a myopic vision of things when people are genuine Respectful regards

mahesh

Report Mahesh's answer

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Be happy to know that you aren't the only one. Feel even more glad to know that it's possible for you to learn to manage funds. Simple Rules: 1. Find & fix the leakage in the tap 2. Treat funds like water, it has to be kept flowing to keep them fresh and in abundance.

For specific queries, can identify areas in your business where you can apply this.

Report Sheetal's answer

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Mahesh Balaji,

The mentor search or entrepreneur search is easy to find at the top of the page. I suggest you use it. Your activity here is far from genuine in appearance and has been reported. If your posting continue you will be removed as well.

Report Kenneth's answer

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