gawd i'm sounding like a curmudgeon(fine old dickensian word :lol: )
but i tend to think of cash management rather than cashflow,
which is why i did not put it as high as tim might have thought.
the thing is it is possible to have high cashflow, but no profit, so
you are actually losing money and will go bust even though the money
is coming in. companies from rolls royce, and rover down did that.
cash management means you know what you need to survive each week,
and you only buy tools for the job that they are costed into,
(i know i must be joking i am already on the slope,
but you know what i mean! :twisted: :roll: )
more importantly you buy for the job with the customer's money,
and make sure you pay yourself at least the basics every week.
there is a sensible school of thought that too many small businessmen
fail because they do not draw money early enough.
but what we have all agreed is get a deposit, and understand what the
client and you have agreed to.
paul :wink:
