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Poor cash flow management is one of the leading causes of many businesses failing today and with me in today\\u2019s episode of Your Money, Your Business, Your Life is Angela Totman. Angela is a Certified Personal and Family Finance Educator, speaker, and author with over a decade of experience helping people learn how to properly manage their money.

I\\u2019ve known Angela for nearly 20 years and for about 15 years, she has worked as the COO at Pay Your Family First. She joins me today to discuss some of the critical areas every business needs to monitor in order to properly manage their cash flow and grow their businesses.

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Let the sales start dictating where you need to be.

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This Week on the Your Money, Your Business, Your Life Podcast:

• Why tracking the timing of your cash flow is important to managing your business revenue and expenses
• Incentivizing customers and clients to pay long-term debt faster
• How to identify low cash flow cycles
• The benefits and disadvantages of long-term contracts
• What is \\u201cburn rate\\u201d and how to control it efficiently

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8 Cash Flow Management Musts for Businesses:

1. Know the timing of your receivable cycle
2. Know the timing of your payable cycle
3. Create a Spending Plan
4. Review your cash flow statement \\u2013 in addition to balance sheets and profit & loss statements
5. Avoid unnecessary long-term contracts
6. Invest in scaling
7. Understand your debt load and your debt to income ratio
8. Know your burn rate

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Help Others Take Care of Their Money, Their Business, & Their Life!\\u202f\\u202f\\u202f\\u202f\\u202f\\xa0

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Thanks for joining us on this episode of\\u202fYour Money, Your Business, Your Life\\u202fpodcast! If you found the information, tips, and interviews shared in this episode valuable and helpful to managing your\\u202fmoney,\\u202fyour business, and your life, please\\u202fcheck us out on iTunes,\\u202fleave a review, and share our show with your friends and colleagues!\\u202f\\u202f\\u202f\\u202f\\u202f\\xa0

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Our mission is to educate entrepreneurs, investors, professionals, and families\\u202fon ways to reduce the stress and frustration revolving around\\u202ffinances, learn what it takes to make more money in less time, and shatter the financial glass ceiling holding them\\u202fback from financial freedom.\\u202f\\u202f\\u202f\\u202f\\u202f\\xa0

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Subscribe on iTunes\\u202fand leave a review to help us reach more people and inspire others to take control of their financial future.\\u202f\\u202f\\u202f\\xa0

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