During our webinar on 26th June 2018, we received lots of fantastic questions from our viewers. As we did not have time to get through them all on the session, we are posting Max’s answers here, so you can check back whenever you need to.
The importance of cash flow cannot be underestimated. In fact, poor cash management is the number one reason why small businesses fail.
An accurate, up-to-date cash flow forecast can address this risk head-on as it predicts a small business’s future cash outlook by mapping when and how much money flows into and out of its bank account. A cash flow forecast will tell business owners when they will face cash shortages and surpluses – and help them plan accordingly.