Cashflow 101 Store | Cashflow 101

 

Welcome to the Cashflow 101 site where you will find:

* Cashflow 101 boardgame reviews      

* Cashflow 101 videos     

* Read Cashflow 101 discussion articles
 

Cashflow Board Game   

Product Review of Cashflow 101 Board Game

If you like to play board games, learn how to get out of the Rat Race and onto the Fast Track where your money works for you instead of you working hard for your money.   This is a great activity to do with your family, especially pre teens, who generally pick up the concepts quickly.  Use this game to practice real world investing with play money! CASHFLOW® 101 is an educational board game that teaches accounting, finance, and investing at the same time - and makes learning fun. This educational program, CASHFLOW® 101, includes:

    * the board game CASHFLOW 101
    * three audiocassettes which reveal the lessons of CASHFLOW® 101
    * a 60-minute video titled "The Secrets of the Rich"

 

10 Cash Flow Rules For Your Business

 

The statistics on small business failure are as alarming now as ever.

'"40% of businesses fail in their first year. 80% fail within their first five years". says Michael Gerber, author of The E-Myth: Why Most Small Businesses Don't Work and What To Do About It.

THEY RAN OUT OF CASH.

Don't let this happen to your business.

Here are 10 Rules to help you take control of your cashflow so you can create the business you dream of.

1. Never Let it Run Out of Cash.
Running out of cash is the definition of failure in business. Make the commitment and set systems in place so it does not happen to you.

2. Cash Is King
Recognize that cash is what keeps your business alive, manage it with the care and attention it deserves. It's very unforgiving if you don't.

Remember, No Cash = No Business.

3. Know the Cash Balance Right Now.
Have systems in place so that you can tell at any time what your cash balance is right now. It's absolutely critical that you know exactly what your cash balance is, many businesses have turnover and are still going backwards.

Even the most intelligent and experienced person will fail if they are making business decisions using inaccurate or incomplete cash balances. That's the reason why business failures are not limited to amateurs or people new to the business world.

4. Do Today's Work Today.
The key to keeping an accurate cash balance in your accounting system is to do today's work today. When you do this, you will have the numbers you need - when you need them.

5. Either You Do the Work or Have Someone Else Do It.
Here is a simple rule to follow to make sure you have an accurate cash balance on your books. You do the work or have someone else do it.

Those are the only two choices you have. The work must be done. It's like mowing the lawn. You can't just ignore it. Someone has to do it. That means either you do it or you have someone else do it.

6. Don't Manage From the Bank Balance.
The bank balance and the cash balance are two different animals. Rarely will the two ever be the same. Don't make the mistake of confusing them.

It's futile (and frustrating) to attempt to manage your cash flow using the bank balance. It's a prescription for failure. You reconcile your bank balance. You don't manage from it.

7. Know What You Expect the Cash Balance to be Six Months From Now.
What do you expect your cash balance to be six months from now? This one question will transform the way you manage your business.

This question really gets to the heart of whether you are managing your business or whether your business is managing you.

8. Cash Flow Problems Don't "Just Happen".
You would be shocked and amazed at the number of businesses that fail because the owner did not see a cash flow problem in time to do something about it.

The key is to always be able to answer the question - what do I expect my cash balance to be six months from now?

9. You Absolutely, Positively Must Have Cash Flow Projections.
Cash flow projections are the key to making wise and profitable business decisions. They give you the answer to the all-important question from Rule # 7.

It's impossible to run your business properly without them.

10. Eliminate Your Cash Flow Worries So You Are Free to Do What You Do Best - Take Care of Customers and Make More Money.
Use these 10 Rules to free yourself from cash flow worries. That way you can focus all your time and talents where you can make the most difference in your business.

No more wasted time worrying about what's going on with your cash flow. Instead, you can focus your unique talents and abilities each day on ways to grow your business and make more and more money each year.

And that's a recipe for success and wealth creation.

About Philip Cambell
Philip Cambell is a CPA and the author of the book: “NEVER RUN OUT OF CASH, The 10 Cash Flow Rules You Can't Afford to Ignore”.  Philip has helped hundreds of small business owners take control of their cash flow.  He shows you how to eliminate your cash flow worries and take control of your small business.

 

 

 

Cashflow 101 is an educational tool in board game format designed by Robert Kiyosaki, author of Rich Dad, Poor Dad, which aims to teach the players concepts of investing by having their money work for them in a risk free setting, play money, while simultaneously increasing their financial literacy and stressing the imperative nature of accountability.

There are two stages to the game. In the first, The Rat Race, the player aims to raise his or her character's passive income level to where it exceeds the character's expenses. The winner is determined in the second stage, The Fast Track. To win, a player must get his or her character to buy their dream or accumulate an additional $50,000 in monthly cash flow.

In place of score cards, there are financial statements. The game requires the players to fill out their own financial statements so that they can see more clearly what is happening with their money. It generally shows how assets generate income and demonstrates that liabilities and doodads are expenses.

Robert Kiyosaki also designed two other Cashflow games: a children's version called Cashflow for Kids, and a follow-up game to Cashflow 101 for more advanced players, which he released as Cashflow 202.