Motivational Power Quote
Cash in Cash Out
“If your out go exceeds your income them your
upkeep will be your downfall.”
Bill Earle, businessman
As I see it . . . . . . .
Cash in cash out
When your cash in exceeds your cash out things are good.
When your cash out exceeds your cash in, it’s turn out the lights.
Business planning and business management are one of the overlooked practices and yet one the most important in the real estate profession.
As a real estate professional we are in personal service business of real estate and as in any business the resources of the business has to be managed effectively.
A commission check coming into our business is not a pay check. Business expenses have to be covered from the commission check along with our personal expenses. There should also be funds allotted for our wealth building account. Monies have to be allotted for reserve funds for a rainy day and for the times where there cash flow falls short of expectations.
As challenging as it may sound managing the cash in and the cash out will put your business on a sound financial footing and help you to manage your business through business cycle adjustments.
Cash in cash out is a philosophy of effectively managing the financial health of your business.
©2012 Lou Ludwig, Sales and Management Consultant, Success Coach, Speaker, Trainer and