How to Prepare for Unexpected Expenses

The last three years have obviously been a roller coaster, but how can business owners prepare for unexpected expenses or financial setbacks such as drops in sales or unforeseen expenses? Yeah. So every single one of our clients receives a number that we call your true cash balance. And the true cash balance is three numbers combined are average operating expenses. That will also include average cost of goods sold and your average monthly owner's draws. By adding up that number, we can now understand what the cash outflow on a monthly basis is for our business.And what the heck do you do with this information? We had a client recently who her business was hit really hard by the pandemic. She has worked over