CASH FLOW BANKING
Cash Flow Banking is a system anyone can learn.
Our cash flow coaching lets you:
Be free of cash flow distress
Pay everyone on time
Pay yourself properly
Upgrade your lifestyle
We coach business owners to manage their money in a way that meets their personal and business needs. It is a behavioural system that is easy to learn and implement and doesn’t require any accounting knowledge. When the rules are followed, the system clearly points to areas that need improvement to maintain and reach your goals.
This is suitable for businesses of any size that have passed the proof of concept stage.
Cash flow coaching with NO ACCOUNTING
knowledge required
The top 6 key pain points for businesses operating on tight cash flow
1. Inconsistent Cash Flow
Many businesses struggle with unpredictable income, leading to difficulty in covering expenses.
Cash Flow Banking Solution: Allocating income into dedicated accounts (Profit, Owner’s Pay, Taxes, Operating Expenses) ensures that funds are set aside for essential needs, making cash flow more predictable.
2. Overspending
Without clear boundaries, businesses tend to overspend on non-essential items, depleting cash reserves.
Cash Flow Banking Solution: By only using what's available in the Operating Expenses account, business owners curb unnecessary spending, fostering financial discipline.
3. Mounting Debt
Businesses on tight cash flow often rely on debt to cover shortfalls, which can spiral out of control due to interest and repayment obligations.
Cash Flow Banking Solution: By ensuring profit is set aside and operating within strict budgetary limits, the system reduces reliance on debt. Any existing debt is addressed through a systematic repayment approach, using the profit allocation to chip away at outstanding balances. This helps businesses regain control of their finances without accumulating more debt.
4. Lack of Profit
Many business owners focus on revenue and expenses but fail to prioritise profit, leading to minimal financial rewards.
Cash Flow Banking Solution:The system enforces the habit of prioritising profit by setting aside a percentage of revenue first, before any other expenses are paid.
5. Tax Payment Stress
A common issue is not having enough funds saved to pay taxes when they are due, causing panic or debt.
Cash Flow Banking Solution: The method includes automatically allocating a portion of revenue into a separate account specifically for taxes, so the funds are ready when needed.
6. Owner's Pay Neglect
Business owners often pay themselves last or not at all, leading to personal financial stress.
Cash Flow Banking Solution: The system ensures that a designated percentage of income is reserved for the owner’s pay, promoting long-term sustainability for both the business and the owner.
By enforcing structure, discipline, and prioritisation, Cash Flow Banking helps business owners improve cash flow and increase profits.
How we deliver the service:
Included is unlimited access to phone meetings to help you with the Cash Flow Banking process and a seat at the Kings Table. This is a group of business leaders who meet monthly to discuss a range of topics and share what has and hasn't worked for them.
1. In an onboarding process we advise you set up a number of new bank accounts and collect your last set of financial statements and accounting software so we can perform some analysis on your current position and needs.
2. We provide training on how to use the process in person or via live video conferencing and a range of training materials in written and video format.
3. In the first 12 weeks we meet on a fortnightly basis and then on a on a monthly basis for the restof the year. Regular meetings after tis can be adopted at monthly or quarterly intervals.
We meet and discuss:
- We help you establish the Cash Flow Banking System and how to analyse cash flow obstructions and how to deal with them.
- The last months business performance, balances and any issues faced along with assisting in the analysis of good and bad events to allow you to repeat or avoid recurances.
- Your expected needs for cash in the short term future to make a plans to cover the requirements.
- Work with you to optimise business activities to improve profit and cash flow.
4. Help you develop a 3 and 5 year plan for your business so an action plan can be made to reach your goals.