If I had two wishes to help business owners improve their financial control of the business, they would be:
- To understand profitability through break even point analysis
- To understand the difference between profit and cash flow and to improve the management of cash flow.
What Is Cash Flow Management?
It is running your business by always keeping an eye on the cash flow consequences of your decisions.
There are two sides to it:
- Cash flow forecasting so that you know what your bank balance is now and what you expect it to be in a few months time.
- Making decisions to protect and improve your future cash flow. This will include dealing with any predicted shortages of cash that are revealed in the cash forecast.
Cash Flow Management Articles
Turnover Is Vanity Profit Is Sanity Cash Is Reality
Cash Flow Coach, Mentor, Advisor & Trainer For UK SMEs
How To Cope With Financial Stress As A Business Owner
Why Business Growth Can Cause Financial Problems
Other Articles That Will Help You To Manage Your Cash Flow
The Six Steps Profit Formula - Free Report (Click On Image)