The Numbers Coach -Demystifying business numbers and jargon to help you succeed in business
All tagged cash flow
An entrepreneur was recently introduced to me asking advice how to raise money. She had spent nearly £8,000 with so-called advisors who over a year had failed to produce a plan or an investor meeting.
These advisors weren’t obvious cowboys but prosperous looking retired company executives who had claimed they were writing a plan for wealthy investors they knew…caveat emptor you can hear me say.
If there is one crucial piece of financial management you must do at whatever stage you are in your business – you must prepare and regularly update a cash flow forecast for at least the next 9-12 months. And the most important line in the cash flow is the sales assumptions – being up or down on sales will have a direct and possibly major impact on cash.
