Master Cash Flow: Achieving Financial Freedom for Your Business with Chris East
Here’s what you’ll learn:
- Understanding Cash Flow Essentials: Discover why cash flow is the lifeblood of your business and learn the distinction between positive and negative cash flow.
- Strategies to Boost Sales and Reduce Costs: Chris shares effective strategies to increase your sales outcomes and lower the costs of sales, ensuring more cash stays in your business.
- Tackling the Tough Economy: Learn how to anticipate and prepare for a tougher economic climate with fewer customers and rising costs.
- Improving Cash Conversion Cycles: Get a grip on managing debtors, inventory, and accounts payable to enhance your cash flow.
- Harnessing Key Performance Indicators (KPIs): Chris walks you through using KPIs to measure and monitor your financial progress effectively.
A fun fact from the episode: Did you know that in an economic downturn, increasing customer retention by just 5% can significantly uplift your cash flow and profitability? A small change with a massive impact!
As always, Chris emphasizes the importance of never taking your eyes off cash flow, quoting Richard Branson’s belief that it’s the lifeblood of business. Make a simple plan today, commit to a few actions, and set completion dates to ensure progress.
Ready to get started on your journey to cash flow freedom? Check out the full webinar for all the details and insights from Chris!
Thank you for being part of our community. We hope this episode provides you with valuable knowledge and actionable steps for your business. If you have any questions or need further support, feel free to reach out to Chris directly at chris@eastpartners.com.au.
