How the Cash Flow Mojo software helps establish a cash flow budget for your business
The Cash Flow Mojo™ software has a cash flow budget building tool that is very simple to use. It goes a few steps further than your average cash flow spreadsheet. It’s an automated budget tool.
Most business owners hear the word budget, and immediately think it means belt-tightening and denying themselves anything fun. That is not the correct definition of a budget.
A cash flow budget is how much cash flow it will take to:
pay off debt,
pay past due and current bills,
keep up with the annual increases in the cost of doing business, and
get cash into savings to expand the company and make more money.
In other words, it’s a calculation of how much cash the company needs to make each week to do much better than breaking even. No one went into business just to make their suppliers wealthy, right?
We also call this budget figure the Income Planning Target. The Cash Flow Mojo software walks the business owner through the simple steps of building their cash flow budget to get to their correct Income Planning Target.
How the Cash Flow Mojo software helps establish a cash flow budget for your business