Last time, we explored why the biggest threat to a small business is not lack of profit, but poor cash flow.
This episode, we discover why having a good idea of your future cash flow is also really important.
Imagine facing a big cash decision - like employing your first staff member, purchasing a big new piece of equipment, or taking on new premises.
This is the kind of decision that can keep you awake at night. It's why a lot of business owners procrastinate on important investment decisions.
The answer? Cashflow forecasting. It's a powerful way to model your cash future. It helps you feel a lot safer answering questions that begin with, "Can I afford to....?"
Join Matt Williams as he explains what cashflow forecasting is, how it works, and how it can help you sleep better at night.