Managing your cash flow is one of the biggest challenges facing a small business. Let’s face it, cash is king in any businesses. Cash is needed to pay bills, make investments, pay salaries, and provide operating stability. Managing your cash flow however is incredibly challenging. Many businesses of all sizes struggle with this issue.
Quantifying and understanding costs and expenses is the first step. Are you effectively analyzing each expense to ensure that the highest profit can be realized? This workshop is intended to offer some introductory ideas to help with cash flow including:
- Identifying how cash flows in and out of your business.
- Establishing simple ways to understand a business budget and your personal budget too!
- Determining how to manage money so that your business is profitable and has the financial resources to grow.
This workshop will share easy and practical ways to manage the flow of money in terms of income coming into the business against expenses taking money out of the business. Managing cash flow concepts are essential and will set the business on a positive financial track. We hope to see you there!