Cash flow fundamentals

- Cash is the blood that flows through a business,…keeping it alive.…Without enough cash flow, your business can…grind to a halt.…Before you can get to cash flow,…you need to build a business first,…and this will cost money.…So before you start anything,…you need to figure out how much money you'll need…to get your business off the ground.…So you need to make a budget.…Go out and price the cost of bringing your idea to life.…This is a tough exercise, but one that's really important.…This budget needs to follow you forever.…On one side, you'll have your forecast.…

On the other, you'll have your actual numbers.…Make sure you know how the two compare…so that you know if you're overspending…or if you're on target.…Once you're ready to start building your business,…you'll need some cash, and this will probably…come in the form of fundraising.…But know that this money is not cash flow.…This cash is the seed money…from which you'll grow your business.…Be careful with this money.…Take care of it and spend it wisely.…So as you build your business, you'll get to a point…