The Business Cash Flow Problems and Solutions Mind Map is a simple but powerful single page tool designed to troubleshoot your specific cash flow problems and identify the best solutions to get cash back into your hands immediately and save your business. Read on to find out how you can get this indispensable resource.
According to the US Small Business Administration, over 30% of all firms with employees fail in the first two years and half of all firms with employees will fail within five years. While the reasons are many and include things like poor location, competition and lack of experience, the main reasons relate to cash flow. Basically businesses fail because they RUN OUT OF MONEY.
No matter how well conceived the business plan, how much products are in demand, or how many clients you have, if you poorly manage the movement of money within your business—both income and expenses—you will run out of it. The lack of sufficient cash can impact your startup and working capital and even filter into your private life, particularly if you mix your personal and business finances. (That’s a big no-no, by the way!)
Here’s where the mind map comes in: It’s a simple but powerful single page tool designed to troubleshoot cash flow problems and identify the best solutions to get cash back into your hands immediately and save your business. Join the PowerAchievers community today for free and you will be able to download this incredible resource, along with three other gifts as our thank you to you!
The free mind map is a limited offer. It is a free preview of a financial problem solving package that is coming soon for PowerAchievers Premium Members: The Business Emergency Cash Flow Manual, a Complete Guide to Solving Cash Flow Problems With Over 50 Practical Solutions and Dozens of Little-Known Sources of Emergency Finance Capital for Small Businesses! Once the toolkit is released, the free mind map offer will disappear. Don’t miss out — download your free mind map today!
Here is a sample from the first chapter of the forthcoming manual:
In a down economy, where customers are delaying or not making purchases and in the context of the unprecedented credit crisis the United States has been experiencing since the second half of 2008, businesses that have cash on hand or ways to obtain the cash they need without borrowing have better odds of surviving a financial crisis.
What does poor cash flow mean for you? Because you are reading this manual you have probably experienced or are fearful that you will soon experience any of the following:
• Fail to make loan or supplier payments
• Fail to pay taxes
• Fail to pay employees
• Fear of having to shut down your business
• Fear of having your business equipment seized
• Fear of eviction
• Can’t purchase new raw materials or resources to produce your goods and services
• Unable to draw enough funds out the business to pay your living expenses
• About to lose your personal assets like your house or car through personal guarantees on business credit
For all these reasons and more, small businesses and mid-sized companies without the means are increasingly turning to bankruptcy protection as an option. For many reasons, filing bankruptcy is not a good idea. As you may know at this point, you have two bankruptcy options. You can file under Chapter 11 (rehabilitation) or Chapter 7 (business liquidation). If you are interested in saving your business, then you’ll file Chapter 11. The problem is that your business needs a good deal of money (that you in all likelihood don’t have) to survive Chapter 11.
Attorney fees will run into the tens of thousands of dollars, as you are paying both your own legal fees and that of your creditors. You are expected to continue operating efficiently under your newly structured debut. However, when you run out of cash, your creditors will file a motion to convert your bankruptcy into Chapter 7, which will lead to the liquidation of your business except you are even more broke than you were before.
Even worse, your personal guarantees on your debt may not be shielded by declaring bankruptcy. Common shareholders get little if anything from your bankruptcy filings. As a result, investors, secondary creditors, employees and more may end up suing you. This guide will help you to get the operating cash you need to pull your company out of dire straits so that you can work on fixing it or selling it if you choose.
The book goes on to detail the main types of cash flow killers, most of which new businesses are not aware of. More importantly, you get specific solutions on how to resolve each kind of problem. Solutions are broken down into immediate cash flow solutions (both how to stop hemorrhaging money now and specific sources of non-bank alternatives to raise new finance and credit for your business that you can pursue today). Beyond this, you also get medium and long term cash flow solutions to ensure the financial health and sustainability of your business.