Duration

Half day workshop – approximately 3 hours

Audience

Business owners who want to achieve financial success and want to avoid those cashflow surprises along the way.

Content

Cashflow is the life blood of any business

• Understand why is it important to manage your business cashflow
• How to prepare a Profitability budget
• How to prepare a cashflow budget (and why it differs from a profit forecast)
• Tips to improve cashflow by maximising revenue and controlling costs using breakeven analysis
• How to establish terms of trade
• How to collect your debtors (Accounts Receivable) – it’s your money after all!

Benefit to audience

Success can kill a business – it takes money to make money

• 82% of failures are due to poor cashflow
• 69% of businesses are profitable when they fail

But CASHFLOW is a very simple concept. Cash comes in from sales but as any businessperson will tell you, it goes out again pretty fast as well - to pay for taxes, wages, equipment, supplies and so on. Most businesses will experience cashflow difficulties at some stage so it’s important to know what to do.

The first rule of cashflow management – plan ahead

Chasing outstanding debts is unpleasant – but the longer you leave it, the less chance you have of recovering it.

This workshop offers ideas on how to avoid cashflow problems by providing tips on how to establish efficient systems and procedures to follow.