Welcome to the business buffet side dish.

This is a quick snack on a specific area of business.

Today we will present a concise element you need to run your business.

Remember to visit business buffet.page or listen to wherever you get your podcasts.

It's snack time.

Welcome back to the business buffet side dish.

My name is Phil Anderson.

And in this two-part series, we will walk through the eight steps to avoid cash flow problem at your small business.

We went over the first five steps in the last episode.

Today, in part two, we'll talk about the last three steps.

From online invoice software to better budgeting systems and effective cash flow management,

this challenge can be overcome.

However, virtually every small business owner has cash flow problems.

One simple tip is to keep strict track of your money, where it's coming from and where it's

going.

We are going to take a look at

the advice of Fred Parrish, founder and chief executive officer of the profit experts and

creator of the profit beacon, an app that provides predictive analytics to help businesses

make timely and smart decisions. Perish is also author of the profit mentality.

Get that pen and paper out.

Here we go with the last three steps.

Step number six, focus on proactive planning.

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