Mercier Mediation and Financial Services

Nova Scotia, Canada

Tip # 6 for Managing Cash Flow for Entrepreneurs

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Tip #6

Do not put your head in the sand when it comes to spending. Many business owners have come from the corporate world and were able to have a monthly expense account that someone else was looking after. This can cause over-spending and should be reviewed monthly. In many cases the  spending is also justified because it is perceived as a tax write-off.  I spent over 15 years in the automotive industry and there is a huge difference between a plain Jane F150 and a Lariat or Eddie Bauer. For you car enthusiasts, between a Corolla CE and a Mercedes 300!!! Make wise choices when spending, this is an integral part of a healthy Cash Flow.

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