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News and views from the helm of Marshalls Consulting

Do You Practice What You Preach?

I have recently come across several examples of people who say one thing but do something else! As business owners, we really need to be seen to be doing what we say and practicing what we preach. Let me give you a few examples I've come across recently.

I met a lady at a meeting who stood up in front of a crowd of people and announced that she wasn't very organised. She then went on to tell everyone that her business is being a PA or Virtual Assistant. Having a PA or Virtual Assistant is a great idea to help you get organised and have someone work on the tasks that you don't want to do or don't have time to do but would you really engage someone who wasn't organised themselves?

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Is your business on Track?

Now that you are tracking the numbers and know what factors affect your business, let's have a look at setting up a cash flow forecast.

Forecasting is the next step so that you can see where you will be in six months or a years time based on the information you have now.

Forecasting isn't as scary as you think I promise you. Once you start to track the numbers you will start to see a pattern. Forecasting is all about patterns and trends and you can use the information you have gathered already to help you forecast what you think will happen in your business for the following year.

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