3 ms·
I, like you, focus the majority of my energy on income expansion. I also find cashflow forecasting to be essential because capital is necessary for growth. Acco
by ryanmarsh 10y ago
I, like you, focus the majority of my energy on income expansion. I also find cashflow forecasting to be essential because capital is necessary for growth. Accounting serves me best as a feedback mechanism for estimating and planning for cash. Cost controls are secondary but important.
- lloeki 10y agoCost control becomes truly important when for some reason you unpredictably lose a good chunk of revenue. Happened to me, twice. Having a framework in place within which I could enter damage control mode ASAP to face that double-step staircase was quite literally a lifesaver.