HOW TO CREATE A CASH-FLOW BUSINESS WITH STEEMIT AND CRYPTOS DAY 1 (POST 1)
This post is the first of the series of posts to help interested persons get started in the process of starting up a cash-flow business.
The path to starting up a cash-flow business that will be explained in this tutorial is called the "STEEMIT-PATH."
CASH-FLOW BUSINESS
In order to simplify this tutorial, we ain't going to be using complex terms or ideologies.
If you browse through the internet you will find various definitions of "CASH-FLOW" given by some websites.
Here are few examples:
CASH FLOW
Definition: The difference between the available cash at the beginning of an accounting period and that at the end of the period. Cash comes in from sales, loan proceeds, investments and the sale of assets and goes out to pay for operating and direct expenses, principal debt service, and the purchase of asset .
The amount of cash or cash-equivalent which the company receives or gives out by the way of payment(s) to creditors is known as cash flow. Cash flow analysis is often used to analyse the liquidity position of the company. It gives a snapshot of the amount of cash coming into the business, from where, and amount flowing out.
What is 'Cash Flow'
Cash flow is the net amount of cash and cash-equivalents moving into and out of a business. Positive cash flow indicates that a company's liquid assets are increasing, enabling it to settle debts, reinvest in its business, return money to shareholders, pay expenses and provide a buffer against future financial challenges. Negative cash flow indicates that a company's liquid assets are decreasing. Net cash flow is distinguished from net income, which includes accounts receivable and other items for which payment has not actually been received. Cash flow is used to assess the quality of a company's income, that is, how liquid it is, which can indicate whether the company is positioned to remain solvent.
This tutorial is not going to bore you out. Rather, we're going to commence the journey to financial freedom together.
In simple terms, all we need to know about Cash-flow business is that it is a business that flows cash into our pockets.
That's all for now.
SUMMARY
A CASH-FLOW BUSINESS IS A BUSINESS THAT CONSTANTLY FLOWS MONEY IN TO OUR POCKETS.
NEXT POST
In our next post, we will talk about passive income.
EXERCISE FOR READERS
Reply to this post what you think about this tutorial and give examples of cash-flow business(es) you will love to start-up in the near future.
Nice creation @fessikay. You made an amazing content, We sould connect and support each other by follow each other. I already upvoted you and following you, please think about that.Thanks and greeting from @chanthasam
I'm so excited to see your comment @chanthasam. I'm following you back right away.
I'll love to connect with you so we can support each other. I'm also going to check out your blog.
Yeah, this is a good initiative...a true and stable cash flow system is really needed by all and sundry who wish to attain financial independence, and sincerely, this is what I ve been battling with. I understand that steemit is not a "get rich quick" platform but can be really rewarding in terms of generating passive income for one, however so many of us are still yet to fully understand the best ways of making it pretty big in the platform but for a person like me, am still very much open to absorbing new knowledge just as sand tend to absorb water ad infinitum!
I love that attitude to learning @ugwudenis