PACE: A Small Business Owner's Guide to Complete Cash Flow Clarity

by Jesse Mecham, Erin Lowell (Editor), Todd Curtis (Editor)

Relax! This book has nothing to do with accounting.Learn a unique and powerful method to keep more of your money, eliminate the cash flow roller coaster, and get a good night's sleep.The PACE method is the missing link between the person that knows how (and is good at) generating revenue, but just can’t seem to get ahead. The concepts are powerful, and the implementation simple (one hour to read the book, two hours to get the system rolling). You’ll watch your checking account balance swell, confidently make that new hire, and give yourself a steadily growing paycheck.- End the “feast or famine” cycle in your seasonal, unpredictable, or volatile business (that’s every one of you).- Answer the single question that haunts every small business owner, whether they’re making $50,000 or $5 million per year.- Squeeze maximum value from every dollar that flows through your business.- Pinpoint exactly where and how your current financial management system is broken. (If you even have one.)- Overcome unexpected shocks to your cash flow (loss of a key client, flood at the shop, that “unexpected” big tax bill."As my business grew, I knew I needed a system for working with my money but nothing I tried seemed to work. Then I found PACE and everything changed... I no longer worry that I’ll blow my hard-earned money on candles… In a few short months, [I paid] off my credit card AND my business operates a full month ahead of expenses! It’s truly amazing what I’ve been able to do... " - Amy Pearson"It's time to pay the fee at the amazing (and amazingly expensive) ranch where I'll be taking some of my VIP clients again to do a luxury horse whispering retreat. Only this time, instead of putting it on my business credit card and paying it off over the next few months, I have the cash already EARMARKED and READY and just WAITING to be spent. If this doesn't seem like a miracle to you, then you don't know how right-brained, quick-start, and numbers-challenged I've always been. Not only has working with PACE revolutionized the cash flow of my business, it's transformed the way I see myself. No more "I'm just not good with numbers" nonsense; now I know that with the proper tools and support, I can be a confident, savvy businesswoman who knows my numbers COLD. And that, my friends, is priceless." - Anna Kunnecke

Genres: Business, Finance, Nonfiction

64 pages, Kindle Edition

First published October 29, 2014

Reviews

[Alper Çuğun · Rating 5 out of 5]

I was thinking along the same lines about finances already but this book provides some useful frames and a complete method to sharpen and anchor that thinking. The amount of insight it grants for the time it takes to read the book cannot be beat.

[Kars · Rating 3 out of 5]

It's YNAB, but for businesses. You'll likely blast through this in one sitting—the method for cashflow management described herein isn't exactly rocket science. But I can attest to its effectiveness, at least for personal finances. Ever since I started using YNAB I thought it would be great to have something like it for my business too. This helped me understand how to go about it. The reason for only three stars is that Mecham's style of writing gets on my nerves. His tone of voice is fist-pumping, you-can-do-it motivational and the book is littered with anecdotes meant to be illuminating but mostly superfluous. But I realise many will find it makes the medicine go down easier. YMMV.

[Juliane Roell · Rating 4 out of 5]

"What does your money need to do in the business, before more money flows into the business?" This.

I enjoyed "PACE": A simple, straightforward approach to budgeting, and, more broadly, using money wisely in business. Short, and still it took me a long while to really deeply digest, and put into practise. (It's just a simple as it needs to be, and doesn't blow itself up to talk more than necessary I like.)

Recommended. Will probably enlarge this review once I have digested more.

[Barry · Rating 4 out of 5]

Great strategy but needs more detail on implementing the concepts e.g., spreadsheet example.

I really like the PACE strategy. I use YNAB for my personal budget and I see great possibilities for using it in my business. I was hoping to find in this book examples such as spreadsheets or how to use YNAB for a business. My business has many transactions on a daily basis which will require a lot of work to enter them into YNAB.

[Keith · Rating 5 out of 5]

YNAB small business style

A good read for the small business owner who wants to get control of their cash flow and create a manageable business budget. Principles are similar to the four personal rules in YNAB.