Create a realistic operating budget… and stick to it. Analyze past income and spending, calculate what changes will be needed, and factor in any significant anticipated investments. Once you’ve established the budget, review it with the team. Then, monitor monthly cash flow so that if you’re not staying on budget, you’ll be able to make timely corrections.

Additional Resource: Watch Dr. Levin’s video, “Game Changer #1 – The Great Recession And Uninspiring Recovery,” by clicking here.