This one hour webinar style workshop will be an overview of how to create a cash flow plan that you can then use to make informed decisions in your business. You’ll also learn some simple tricks for managing your cash to make sure you can always meet your commitments, pay your taxes and at a glance know how much ‘extra’ money you have.
Whether you are trying to decide if you can afford to purchase a new piece of equipment, hire someone, or are creating a marketing budget, having a cash flow spreadsheet that shows where you’ve been, where you are and what is possible is one of the best tools in the toolbox for planning and decision making.
Operating without a method for managing and tracking cash flow is like trying to drive to a destination without knowing how far and what direction to go… you’ll get somewhere but it will be by accident if it’s somewhere good and even more by chance if it is recognizable and you have gas in the tank.
We will review:
- The difference between cash flow planning and book keeping.
- How to create, update and interpret a cash flow spreadsheet.
- Simple ways to manage cash day to day to meet your commitments.
This workshop/webinar will also occur at later dates. For more information and to register, visit Cash Flow 101: Making Decisions – Basin Business Advisor Program (bbaprogram.ca)