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17 Jun, 2021 04 PM

CASHFLOW

Let’s face it. No cashflow = No business.

 

Poor cashflow can be a death trap for a business. A recent study found 82% of businesses that fail do so because they have cashflow issues.

 

Inconsistent cashflow is a danger to the health of a business. It stifles growth and can sink a business.

 

Ultimately, businesses have to deal with negative cash flow due to poor planning. 

 

Whatever the reason, negative cash flow can impact your business tremendously, and this should be a cause for concern.

In this session you will learn:

  • How to boost profits by implementing a world class cashflow strategy

  • How to distinguish between profits and cash flow

  • What to consider when pricing your service or product

  • How to balance whether to draw a salary or reinvest into your business

  • 5 tips on how to collect cash faster from customers

  • What tech you need to keep track of your cashflow in real time

KEY TAKEOUTS
  • How to identify risks and build a simple cashflow strategy to ensure your business operates efficiently and is geared for growth
     

  • How to budget smart, forecast well and pay close attention to all accounts payable and receivable.
     

  • Get practical and implementable tips on how to beat the low cash trap

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