It takes a great deal of hard work to establish and successfully grow a small business. It is not just about selling your product or service; it is also about managing the administrative aspects of your business.
This workshop is delivered in three parts;
- – How to Forecast Cash Flow,
- – A Guide to Avoiding Cash Flow Problems and
- – Common Reasons Why Small Businesses Fail.
At the conclusion of the workshop participants will understand;
ïƒ¼ the importance of cash flow forecasting, its structure and its content
ïƒ¼ how to prepare a forecast and use it to monitor your cash flow
ïƒ¼ key accounting concepts including fixed, variable and capital costs, working capital and cash cycle
ïƒ¼ why the majority of small businesses fail
ïƒ¼ the situations that can lead to cash flow problems
ïƒ¼ how to avoid running into trouble
ïƒ¼ the practical steps you can take to build and maintain your cash flow
ïƒ¼ common factors that could cause your business to fail
ïƒ¼ how these factors can be addressed
WORKSHOPS ARE INITIALLY OFFERED TO BUSINESSES UNDER 2 YEARS