Cashflow Management: The Basics
Cash is the oxygen that enables a small business to survive and prosper, and is the primary indicator of business health. While a business can survive for a short time without sales or profits, without cash it will die. For this reason the inflow and outflow of cash need careful monitoring and management.
This guide looks at the key elements of cashflow and at how cashflow management will help protect the financial security of your business. It outlines the steps that you can take when dealing with your customers, suppliers and stakeholders to improve cashflow. It also highlights common cashflow problems and how to avoid them.
Read on to find out:
- All About Cash – The difference between cash & profit and the fact that cash is king (cash reserves, positive cashflow)
- Cash inflows and cash outflows– including tips on improving everyday cashflow
- Cashflow forecasting – business advice on forecasting your cash flow
- Manage income and expenditure – Key methods to reduce the time between expenditure & receipt
- Cashflow problems & how to avoid them – best practice for improving your cash flow
- Cashflow management in action – A cashflow management case study
- Refinements to a simple cashflow forecast – A last word on managing your cash flow