It takes a great deal of hard work to establish and successfully grow a small business. It is not just about selling your product or service; it is also about managing the administrative aspects of your business.
This workshop is delivered in three parts;
How to Forecast Cash Flow,
A Guide to Avoiding Cash Flow Problems and
Common Reasons Why Small Businesses Fail.
At the conclusion of the workshop participants will understand;
the importance of cash flow forecasting, its structure and its content
how to prepare a forecast and use it to monitor your cash flow
key accounting concepts including fixed, variable and capital costs, working capital and cash cycle
why the majority of small businesses fail
the situations that can lead to cash flow
problems
how to avoid running into trouble
the practical steps you can take to build
and maintain your cash flow
common factors that could cause your
business to fail
how these factors can be addressed