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Week Nineteen: Cash Flow Forecast
This week you’ll plan how the money will flow in and out of your business and decide if you’re going to need any finance to start the business.
You now know when you’ll be able to make your business profitable, and how much profit you can make. Profitability is good, but the most important part of planning and running your business is forecasting and managing the flow of cash in and out of the business.
Think of it like food. You sit down and work out what food you’re going to be supplied with in the next year and calculate that you’re going to get more food than you could possibly eat during that time. You’ll even have some to store away for next year. Unfortunately, what your estimate for the year ...
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