Mercier Mediation and Financial Services

Nova Scotia, Canada

Tip # 5 for Managing Cash Flow for Entrepreneurs

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Tip #5

Establish  a monthly pay cheque. I understand that your cash flow fluctuates up and down. That is why this goes hand-in -hand with Tip # 3 – Cash Flow Statements. To assist any client, we need to know what money you can count on each month.  It should not be based on your best 3 months it should be based on the average month for your business. It will help eliminate the bad habit that I see so often “robbing Peter to pay Paul.”

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