Wedding Industry Insider

WII 121: Master Your Budget with Cash Flow Management Tips from Danielle Hendon

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According to this guest, if you’re a business owner who’s stressed about your budget or cash flow, then you’re not alone.  In fact, she’s sharing her expert tips about what you should do now in order to budget effectively.

Danielle Hendon is the founder and owner of 4 Corners CFO, LLC. Using her 10+ years in corporate finance/accounting, Danielle helps bring the benefit of “big business” financial analysis to entrepreneurs on a scale that fits their company and budget. Additionally, she has experience helping clients in the wedding industry improve their financial management.  

In this episode, Danielle talks about understanding and cushioning your cash flow so that you can effectively manage your budget throughout the entire year.

Episode highlights from Danielle, including how to:

  • Avoid getting trapped in feast or famine as a cyclical, service-based business
  • Face the “what if” question so that you can establish a reliable cash flow system 
  • Secure the first hire that any business owner should make  
  • Ensure that your budget is more than numbers on a page 
  • Know your cash flow timing through the end of the year or the end of your seasonal cycle but also have a granular and monthly cash flow forecast
  • Don’t be afraid of the mess or of getting help with it
  • Her #1 piece of advice for wedding professionals

    • To hear Danielles’s interview, you can press the play button above. And be sure to subscribe to our podcast in iTunes, Spotify, or wherever you listen! 

    We want to say a special thank you to Danielle for sharing these insights with our Timeline Genius community.

    Please take this information, act on it, and carry on the journey toward fulfilling your dreams!

    Show Notes:
      • Questions? Get in touch with Danielle or Eddie 
      • Take the Business Growth Quiz and get your curated episode list!
      • Ready to get more ways to customize your timelines? See what Timeline Genius can do for you!

        • The post WII 121: Master Your Budget with Cash Flow Management Tips from Danielle Hendon appeared first on Timeline Genius Blog.

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        Wedding Industry InsiderBy Eddie Babbage: Wedding Technology Entrepreneur