Cashflow in a Crisis?

One of the biggest concerns that small business owners consistently face is CASHFLOW. It’s the ONE thing that can either be a key source of your business’ growth, or a scarce resource that ultimately spells your downfall.

Recent research suggests that:

• 92% of SME owners / managers frequently stress about cashflow;
• 80% say cashflow affects their home life;
• 52% have taken a pay cut;
• Profitable businesses CAN and DO go broke.

10X Cashflow Injection Workshop

We are committed to supporting you and your business, and we recognise that it is more important than ever to have a business mentor to guide and advise you during changing times. That's why 10X Newcastle are holding a series of 'Cashflow Injection' workshops which you should be a part of.

Essential learning from this workshop includes:

During these workshops we’ll review and quantify the potential impact of the economic downturn on your business, specifically considering “what if”:

• market size decreased;
• customers spent less;
• customers bought from you less often;
• competitors began to compete on price;
• suppliers passed on price increases to you?

What would be the impact on your profitability, cashflow and lifestyle?

We’ll then demonstrate practical steps to mitigate these impacts and reveal specific tactics for achieving real business growth and protecting your business value in these changing economic times.

We’ll also be sharing cashflow management strategies that are easy to implement and proven to work. You may be surprised by how easy it is to implement our recommended strategies and at how much of a difference these can make to your cashflow situation in less than a month.

Here's what a local business owner had to say about the event:
"Very approachable, great experience / expertise. The program has been worthwhile because it was very tailored to my individual situation. Thank you!" - Leonie Lewis, Bookability Bookkeeping

INCLUDED Outcomes:

• 2 hours of face-to-face coaching - This workshop is a perfect opportunity for you to ask and discuss the KEY CHALLENGES you’re facing in your business. Speak directly with an established Business Coach who can answer your questions in the most honest, direct, step-by-step manner possible AND on the spot. In this group workshop, you’ll also be surrounded by other like-minded business people and have the opportunity to share ideas and discuss solutions.
  
  
• Comprehensive workbooks provided - These workbooks will act as your 'business bible' for years to come and are filled with budgeting management tools; cashflow success tips; profit drivers and KPIs.

Next Workshop Date: Coming Soon
Time: TBC
Where: 10X Newcastle (215 Pacific Highway, Charlestown. Free visitor parking available)
Workshop Cost: $88pp (Workshop only. Includes workbooks and refreshments)
Registration: Coming Soon

Optional / Additional Costs: Additional coaching and reporting options available. See below for more information on these extra deliverables and outcomes for the Cashflow Injection Workshop.

OPT 1)    Discovery Consultation & Rapid Health Check Report – additional investment of $330.00 (inc GST).

The Discovery Consultation (DC) is an opportunity for you to really explore the true potential and current reality of your business on a one-on-one basis. This 2-hr consultation is all about reviewing your performance, understanding your goals and determining the best actions to move forward. It’s a chance for some one-on-one analysis of your business where you’ll immediately see some new strategies, tactics and ideas to implement.

The Rapid Health Check Report is a further professional business health assessment on your business. After completing an in-depth and confidential Business Health Check questionnaire, this report provides detailed information on your business in the areas of:

i) Revenue and cash flow modeling;
ii) Profit improvement modeling;
iii) Business valuation as well as business value improvement modeling.

Option 1 package is valued at $600.00, though our 'deal on the day' makes this available to you for a discounted price of an additional $330.00 inc GST (1 x fee payable per business).

 

 OPT 2)    Discovery Consultation & SWOT Analysis – additional investment of $990.00 (inc GST).

The Discovery Consultation (DC) is an opportunity for you to really explore the true potential and current reality of your business on a one-on-one basis. This 2-hr consultation is all about reviewing your performance, understanding your goals and determining the best actions to move forward. It’s a chance for some one-on-one analysis of your business where you’ll immediately see some new strategies, tactics and ideas to implement.

The Rapid SWOT Report - gives a good level of reporting toward what the business’s level of Strengths, Weaknesses, Opportunities and Threats are. After completing an in-depth and confidential Business Health Check questionnaire, this report also provides detailed information on your business in the areas of:

i) Revenue and cash flow modelling;
ii) Profit improvement modelling;
iii) Business valuation as well as business value improvement modelling;
iv) Your Business SWOT.

Key outcomes include how to improve key areas within your business. You can use your SWOT Report to:

• Assess Strengths to build on;
• Identify Weaknesses to remove;
• Open up Opportunities;
• Remove potential Threats;
• Create a simple report that can be an initial document for management;
• Improve the value of the business from identifying key areas to work on.

Your SWOT Report also includes a detailed IBISWorld Report providing you with additional resources and further intelligence about your industry. The IBIS Report alone is valued at $880.00 and allows you to:

• Make market-ready, profit-maximising decisions quickly;
• Strengthen your financial analysis of companies;
• Assess your competitors and prospects;
• Target key personnel within businesses.

Option 2 package is valued at $1,800.00, though our 'deal on the day' makes this available to you for a discounted price of an additional $990.00 inc GST (1 x fee payable per business).

Upcoming Dates below.

Coming Soon

Introducing the 10X iPhone Application

10X’s iPhone Application called the 10X Cashflow Pro has been designed specifically to address the growing concern about cashflow management, and to put cashflow control in the palm of your hand – literally!

It’s interface is easy to use and instantly calculates:

Your Gross Profit
Required Working Capital
Marginal Cash Flow
Net Cash Flow
…all from the input of just 6 figures from your profit & loss and balance sheets!

10X CashFlow Pro is an ‘on-the-go’ tool for monitoring your cashflow and keeping you in control, plus gives you over 170 ways to help bring your business back into the black with tips proven to positively affect your cashflow.

Cashflow Pro gives you:

• 20 ways to reduce the cost of goods.
• 80 ways to reduce your expenses.
• 31 ways to improve your pricing.
• 21 ways to reduce debtors’ amounts.
• 5 ways to slow payments to creditors.
• 22 ways to reduce stock holding.
• Use app again and again as your business grows to keep on top of your cash flow.
• Easy to read, flow chart style visuals.

Take back control of your cashflow NOW!  To download the iPhone application, click here.

If you would like to speak to our 10X Business Coach, Phil Bamback about your cashflow situation, why not take advantage of our Complimentary 30-Minute Coaching Call. Book online today and consult with Phil directly to resolve your business issues.