Insights on Money Management
Follow what Cliftons have to say on strategies for effective management of your money and cash flow.
In uncertain times or slowing sales, you need to move quickly to protect your bottom line.
Ignoring or delaying a decision to cut the fat from your business will significantly impact your business performance, cash flow and future survival.
Bankruptcy and corporate collapses were the highest ever recorded in Australia in 2012, with only 5% ever paying a dividend. On top of this many more businesses and individuals entered formal debt arrangements.
So what are the typical warning signs?
I don' think Im the only one who as a kid thought it would be great to earn a million dollars a year, to be a millionaire, and dreamed of what Id do with it.
Looking back now though the problem was that every dream was self-centered and me focused. Cars, big boys toys, house, holidays and the like. I never really gave any thought to what impact I could have on the lives of others.