Cash is THE most important thing in your business, now and forever. And getting into good cashflow habits early will help to make sure your business survives and gives you the lifestyle you’re looking for.
As an IFA you’re used to helping your clients manage their money, but it’s very different when you’re starting out on your own. Especially if it’s the first time you have run your own business and when there are so many other calls on your time.
As a new business you need to make sure you’ve got enough cash to last until you get into profit. This always takes longer than you think, and your costs will always be more than you expect them to be.