Episode 11 - 5 tips for better cash management
In this episode, Jeff and Kristin discuss 5 tips for better cash management in your business and your personal life.
In the News
Five free apps for turning your PC into a Wi-Fi hotspot
Facebook and the Media have an increasingly Landlord-Tenant Style Relationship
Better Cash Management
Lack of cash management is one of the reasons that 85% of all small businesses fail in their first 5 years. Staying on top of your cash position will allow you to make better decisions and grow your business. Our 5 tips for better cash management:
- Know your monthly expenses
- Eliminate monthly fees for services you are no longer using
- Have business savings
- Have personal savings
- Bill customers in a timely manner and make it easy for them to pay you
Tip of the Week
Jeff shares another tip to reduce your chances of infecting your computer with malware that is socially engineered to trick you to click it. Northeastern University – How to avoid malware
App of the Week
Cloud Based Accounting Systems:
- QuickBooks Online Essentials
- Xero Accounting
- Wave Apps (also has free personal finance software)
Other Mentions
Zappier If This Then That (IFTTT)
Paypal.me: Here is what Kristin's Paypal.me/klicpa looks like
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