Cashflow Projection Analysis + Million Dollar Network

1:00 pm

Took a quick crash course in Cashflow Projection Analysis in Waterfront location where small business center is. Impressed with real life extensive knowledge of Bill Erichson- the presenter there.

Bill has over 27 years of business and finance experience. Cashflow projections are used to anticipate and prevent possible danger to business that might for them to go into bankruptcy. The number 1 killer of small business is mismanaged cashflow. Going to solution to the problem may be asking vendors to extend financing, using short term bank loans properly by using them on providing short term liquidity only, incentives for collecting Account Receivables faster, and holding less inventories.


7:00pm

Went to July Ono- Multi millionaire from Real Estate - presentation about "building a Million Dollar network" from there I have learned that by taping into your personal network carefully, networking effectively, you could succeed in business. Each of us knows about 200 people, each of those people knows another 200, and so on. We could reach a anyone to the third network. By tapping into this and leveraging carefully, you could use OPM, OPT, OPR. If you do not understand, please pick up the Book Rich Dad Poor Dad by Robert Kiyosaki. - Must Read - Also pick up a copy of Building a Million Dollar Network by July Ono in Amazon coming soon.