Search:



Find more cash in business

Posted: 12pm 29 Sep 2020

Business coach and mentor Brad Flynn used the COVID-19 shutdown earlier this year to achieve something he had been keen to do for 15 years – write a book to help people find more cash in their businesses.

The result is Find Your Cash, a guide to finding an extra $100,000 in your business in the next 12 months.

Brad says it only took about four weeks to write and it’s designed to be a quick and easy-to-read resource for busy business owners.

“It’s stuff I talk to people about all of the time. I had huge chunks of uninterrupted time to put it on paper,” he sayd.

Tips for business

He’s drawn on 20 years’ experience working with businesses and the knowledge he has gained along the way.

“The biggest challenge for business owners is not understanding basic numbers in their business,” Brad explains.

“The book makes it really simple to understand your numbers.”

It features 17 strategies to ‘realise additional cashflow that can be generated quickly and easily, no matter what the business’.

Some of the strategies covered include bringing cash into your business, avoiding the dangers of discounting (a 10 per cent discount can result in a 25 per cent cut in profit), cutting costs and reviewing fixed expenses.

Brad says many business owners were afraid to negotiate with suppliers on the price of stock and other items needed to run a business, and averse to increasing prices.

“Most business owners don’t know how to keep score – sport is easy, but business is a bit more complex,” he says.

Why this is important

“People have to be conscious of cashflow because we don’t know what’s going to happen (with COVID-19 and possible shutdowns),” he explains.

The tips can be applied to businesses of all shapes and sizes, and he’s already received plenty of positive feedback.

Brad says statistics show 80 per cent of businesses fail in the first five years and of the 20 per cent remaining, just 20 per cent will make it to their 10th birthday.

He wants to build confidence in business owners, so they can believe in what they’re doing and have confidence in the numbers.

“You don’t need to be a rocket scientist. It’s really easy once you know what numbers to look for,” he says.

For more information, or to order a copy, visit findyourcash.global.

Share

Trending

Don’t miss 2021 Moreton Business and Jobs Expo

The fourth Moreton Business and Jobs Expo is on at Brendale on September 29, bringing businesses, job seekers and industry together. There will be about 1500 jobs up for grabs and the chance to secure new customers.…

Canvas call for Indigenous business

Wendy Rix has turned a hobby into her profession - and is loving it. In fact, as we celebrate Indigenous Business Month, the contemporary artist from Margate says she has finally found her calling.…

More you might like:

Trending

Local News   •   19-1-2022  •   Kylie Knight

Sneak peek at Queensland’s second Gold’s Gym

We take a look inside Gold’s Gym at Kippa-Ring, which will open its doors at 9am tomorrow and meet the team. It’s massive, with the latest equipment and fitness options for everyone. …

Local News   •   14-1-2022  •   Kylie Knight

Call for council staff to have body cameras

A push by Moreton Bay Regional Council for regulatory officers to use body-worn cameras and other surveillance video while on duty has the backing on the Local Government Association of Queensland.…

Local News   •   21-12-2021  •   Kylie Knight

Serge passes the baton

The man who has been at the helm of Community Bank Margate for more than 13 years has retired, drawing a sense of pride of what he and his team have achieved but also confidence in the future. …

Local News   •   20-12-2021  •   Kylie Knight

Novel way to foster love of books

Creating a community of readers and breathing new life into read books is driving Alea and Andrew Cadzow, whose business The Book Bucket is thriving on the Redcliffe Peninsula.…

Local News   •   15-12-2021  •   Kylie Knight

Teaching spirit of Christmas

Families and staff at Sesame Lane Care and Kindergarten centres across the Moreton Bay Region will bring smiles to the faces of less fortunate children this Christmas, donating hundreds of gifts to the Pyjama Foundation. …

Local News   •   13-12-2021  •   Ashleigh Howarth

Tenders called for new 400-bed hospital

Expressions of interest are being sought to build a new hospital at Petrie, which will have up to 400 beds and 20 operating theatres.…

Your free local community newspaper, home delivered fortnightly.

Read Latest Edition

Close