1 07/27/10 - 3:45pmeSlide - P Double Helix Trap Webinar Course Title Breaking the Cash Crunch
2 07/27/10 - 3:45pmeSlide - P Double Helix Trap Webinar Feeling The Symptoms? Always worried about cash Don’t review financial statements monthly “Afraid” of your financial statements surprises Outsourced this knowledge
3 07/27/10 - 3:45pmeSlide - P Double Helix Trap Webinar It’s Personal!
4 07/27/10 - 3:45pmeSlide - P Double Helix Trap Webinar Hang this sign in your office
5 07/27/10 - 3:45pmeSlide - P Double Helix Trap Webinar 1. Cash is King Cash is more important than Profits Sales is Vanity, Cash Flow is Sanity
6 07/27/10 - 3:45pmeSlide - P Double Helix Trap Webinar Increasing Cash Flow
7 07/27/10 - 3:45pmeSlide - P Double Helix Trap Webinar 2. Got Money? What is your basic revenue model? Bottom-up approach Number of customers Revenue per customer Cost of Goods/ Service Customer Acquisition Product Development
8 07/27/10 - 3:45pmeSlide - P Double Helix Trap Webinar 3. Leverage in Your Business? People Product IP Distribution Annuities
9 07/27/10 - 3:45pmeSlide - P Double Helix Trap Webinar 4. Do not outsource the math Numbers lie! It’s not what you think
/27/10 - 3:45pmeSlide - P Double Helix Trap Webinar Fiscal Salvation
/27/10 - 3:45pmeSlide - P Double Helix Trap Webinar How much do you really know?
/27/10 - 3:45pmeSlide - P Double Helix Trap Webinar How often should statements be reviewed? Quarterly Monthly When the accountant calls!
/27/10 - 3:45pmeSlide - P Double Helix Trap Webinar Which Statement Should Not Be Reviewed Monthly? Cash Flow Statement Profit and Loss Company Valuation
/27/10 - 3:45pmeSlide - P Double Helix Trap Webinar What is the Profit and Loss Statement ? The Cash I have Revenue, Expense and Profit Tells me if I can buy a new iPhone
/27/10 - 3:45pmeSlide - P Double Helix Trap Webinar What item is NOT Profit and Loss Statement ? Revenue Rent Inventory
/27/10 - 3:45pmeSlide - P Double Helix Trap Webinar What item is NOT Balance Sheet ? Revenue Accounts Payable Revenue
/27/10 - 3:45pmeSlide - P Double Helix Trap Webinar What does the Cash Flow Statement Say ? How much Profit was earned Change in Cash over the period How fast revenue is growing
/27/10 - 3:45pmeSlide - P Double Helix Trap Webinar What is on the Profit And Loss Statement?
/27/10 - 3:45pmeSlide - P Double Helix Trap Webinar The Profit And Loss Statement: Looking For? Revenue Gross Margin Fixed Expenses Variable Expenses Percentages Trends
/27/10 - 3:45pmeSlide - P Double Helix Trap Webinar Further Analysis Accrual vs. Cash Budget vs. Actual Actual vs. last year Year to date numbers Fixed vs. Variable Fixed => bad + variable => good
/27/10 - 3:45pmeSlide - P Double Helix Trap Webinar The Balance Sheet
/27/10 - 3:45pmeSlide - P Double Helix Trap Webinar Balance Sheet: Looking For Quick Ratio- ability to pay bills Do you understand every number? Trends?
/27/10 - 3:45pmeSlide - P Double Helix Trap Webinar Cash Flow Statement
/27/10 - 3:45pmeSlide - P Double Helix Trap Webinar What are Sources of Cash?
/27/10 - 3:45pmeSlide - P Double Helix Trap Webinar More Financial Principles Too much money makes you stupid Grow your self broke Build first, get rich later Overnight successes Be Cheap and Partner Up
/27/10 - 3:45pmeSlide - P Double Helix Trap Webinar Stuck on Budgets
/27/10 - 3:45pmeSlide - P Double Helix Trap Webinar Stuck on Tax Planning Year round activity Lowest possible tax bill strategy Invest through the business The role of college planning
/27/10 - 3:45pmeSlide - P Double Helix Trap Webinar Your Action Step Collect the names and rank them Choose your systems Choose your first 3 topics for connection Practice the rapid release: Let go of the maybes Survey your customers and prospects Choose and stick to your brand
/27/10 - 3:45pmeSlide - P Double Helix Trap Webinar Actions to Take 1.Understand how your business makes money 2.Understand the leverage points in your business for making profit 3.Review and understand all 3 financial statements every month 4.Compare, contrast, understand and plan
/27/10 - 3:45pmeSlide - P Double Helix Trap Webinar Want a Copy of the Slides?
/27/10 - 3:45pmeSlide - P Double Helix Trap Webinar Course Title Breaking the Cash Crunch