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  • Atricle Dump - The Blindfolded Football Player's Method to Understanding Finances

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    in effect blindfolded.

    And when you're blindfolded, you can't play!

    So how do you take the blindfold off?

    Really simple - here are the steps:

    1) Get on-line banking

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    For a lot of people who run their - finances is NOT their strong point.

    And that's ok - as long as you remember a few vital things!

    Take a world class football player (or any sport you prefer). Someone who is at the top of his or her game.

    Now take them aside, blindfold them - and send them back on the field.

    What happens?

    Well, very little really!

    How long do you think they will stay "world class" whilst they are blindfolded?

    Not long at all! Why? Because it is totally impossible trying to play when you can't see the ball.

    Exactly the same principle works for your business.

    If you don't know exactly where you are standing in relationship to your finances, your cash flows. Well - then you are in effect blindfolded.

    And when you're blindfolded, you can't play!

    So how do you take the blindfold off?

    Really simple - here are the steps:

    1) Get on-line banking

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    rt you prefer). Someone who is at the top of his or her game.

    Now take them aside, blindfold them - and send them back on the field.

    What happens?

    Well, very little really!

    How long do you think they will stay "world class" whilst they are blindfolded?

    Not long at all! Why? Because it is totally impossible trying to play when you can't see the ball.

    Exactly the same principle works for your business.

    If you don't know exactly where you are standing in relationship to your finances, your cash flows. Well - then you are in effect blindfolded.

    And when you're blindfolded, you can't play!

    So how do you take the blindfold off?

    Really simple - here are the steps:

    1) Get on-line banking

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    !

    How long do you think they will stay "world class" whilst they are blindfolded?

    Not long at all! Why? Because it is totally impossible trying to play when you can't see the ball.

    Exactly the same principle works for your business.

    If you don't know exactly where you are standing in relationship to your finances, your cash flows. Well - then you are in effect blindfolded.

    And when you're blindfolded, you can't play!

    So how do you take the blindfold off?

    Really simple - here are the steps:

    1) Get on-line banking

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    all.

    Exactly the same principle works for your business.

    If you don't know exactly where you are standing in relationship to your finances, your cash flows. Well - then you are in effect blindfolded.

    And when you're blindfolded, you can't play!

    So how do you take the blindfold off?

    Really simple - here are the steps:

    1) Get on-line banking

    Hello, May I Help You?
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    in effect blindfolded.

    And when you're blindfolded, you can't play!

    So how do you take the blindfold off?

    Really simple - here are the steps:

    1) Get on-line banking so that you can have immediate access to your bank account and your bank balance at any given time.

    2) On a WEEKLY basis, complete a spreadsheet as follows: At the top - put the closing bank balance from last week. Plus deposits into your bank account over the last week. Less payments out of your bank account over the last week. Which gives you your balance in your bank account as of today (which agrees to your bank balance per your online banking statement).

    3) Under that add income you expect to flow into your business over the next TWO weeks.

    4) Less money you expect to flow OUT of your account over the next two weeks.

    5) Which gives you a balance you expect in your bank in two weeks time.

    By doing the above e

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