Cash Flow Scenarios
One Man's Journey to Success in Real Estate
Ryan David had already suffered two layoffs when he was confronted with losing his job a third time in 2017. But that didn't stop him from launching his first real estate business shortly after. It's been a huge success, in part because of three essential strategies:
- Keeping overhead lean
- Creating key relationships with suppliers
- Understanding the long-term value of each property
We interviewed him as part of our Cash Flow Show video series.
Related: Check out this article based on the interview ➡️ How Ryan David of We Buy Houses Pennsylvania Launched and Grew his Business.
Understanding the Importance of a Clean Chart of Accounts
For startups and small businesses who want to refine their finances, a clean chart of accounts should be at the top of your to-do list. Robert Freedman tackles this topic in this article for CFO Dive.
“If you don’t set that up correctly, it’s actually really hard to see the wood for the trees and even file any regulatory reporting,” says Lisa Slater, founder of Three Butterflies Consulting. “You really do start with looking at the accounting and getting that on track first. And then you can get caught up with all of the regulatory stuff.”
Read more here.
Big Goals, Basic Cash Flow, and Building Your Team
At 21, Isaac Mashman found himself in California trying to find his place in life while the pandemic raged outside his doorstep. So when he received his first stimulus check, he decided to invest in a business.
It turned out to be a good decision.
Isaac has been able to scale very quickly by hiring a talented team and reinvesting in their success.
Check out our video interview with him here.
Related: Check out this article based on the interview ➡️ Big Goals and Basic Cash Flow: How Isaac Mashman Built His Top-Rated PR Firm.
5 Tips for Bank Financing & Small Business Funding
Getting approved for bank financing is a long process, and there's no guarantee that it will happen.
In this short video from the Resourceful CEO, Small Business Consultant Tiffany C. Wright reviews 5 things you can do today to improve your chance of getting approved for a bank loan.
Pulse Q&A
🤔 If I toggle off a financial account in Pulse, will it toggle off for another user?
You may want to view your cash flow with a few select financial accounts factored in, but you don't want to affect the view of another user on the same account.
🙋 Pulse now allows users to toggle financial accounts on/off without affecting each other's view.
For example, you can view your cash flow in Pulse with only Checkings and Savings financial accounts toggled on, while another user on the same account views your cash flow with only the Credit Card financial account toggled on.
This new feature gives you more control over your Pulse workflow.
New to Pulse? Check out this video tutorial and written guide to get started on the path to cash flow clarity.
Trivia Answer
Rest, Rather Than Quit
“When you feel overwhelmed, if you can, I’d suggest taking some downtime so that you can reassess the problem from a different angle."
✅ This is one of the ways Branson has navigated the pandemic.
Click through to read more about Branson and other entrepreneur's opinions on mental resilience in the face of adversity.
See you next month!
As always, your success is our top priority. Be sure to reach out to support@pulseapp.com if you need help with anything.
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Best,