Building your cashflow forecast might seem unnecessary to some – at a first glance, that is. That’s why, this cashflow forecast guide aims to explain why you need one and how to build it.
Because, you might be thinking, “I don’t need one of those. I’m not going out of business!” But if you’re like most people, your business is constantly changing and growing. And when it does change or grow, that’s the perfect time for a new forecast! It doesn’t matter what kind of business you have – retail store, restaurant, consulting firm – forecasts are important because they help keep your finances in order and on track.
Why you need a cashflow forecast
This cashflow forecast guide undoubtedly needs to start with the reasons why a cashflow forecast is your greatest ally.
Firstly, it will help you make sure that everything is running smoothly with your money. If something happens unexpectedly (like an unexpected expense), then at least you’ll know about it ahead of time so that you can plan accordingly.
Forecasts also give businesses a chance to see where their money is coming from and where it’s going; this helps them figure out ways to make more profit without spending more money or vice versa. Watch the cashflow forecast guide video below for more information.
Finally, forecasts show future trends in sales which can help companies decide whether they should hire someone else or buy another piece of equipment before things get too busy!
A cash flow forecast will save your company time and stress by giving everyone involved the information they need upfront rather than waiting until there’s already trouble brewing under the surface!
The sooner you know how to build your cashflow forecast, and use it, the better off you and your business will be later down the line! Watch this video – your cashflow forecast guide. It is packed with examples so you can have a better grasp of cashflow planning. I’ve made it in the form of a presentation. And it will guide you through the process. In it, I also reveal some tips and tricks on how to do it right so that you can be successful!
Cashflow Forecast Guide- summary
Running your business is hard. One thing that will make it even harder is running out of cash.
Lack of cash is the one thing guaranteed to derail your dreams. Above all, it will scupper your business. And have your business collapsing around your ears if you don’t do it right. Whatever the size or shape or type or stage of complexity of your company – you must have a cashflow forecast!
To summarise what you saw in the cashflow forecast guide video – your cashflow forecast will comprise of:
- Your business story – or business plan. Information about where your business is heading.
- The business lego blocks – or your tactics. Information on what happens with your funds and also at what time.
- Your financial future – or your cashflow forecast. So, this is information regarding replicating current findings for the future (and maybe even stepping it up a little bit).
As you can probably conclude from my cashflow forecast guide above, my mission is to inform, inspire and educate you to get closer to your numbers. So, check out some of the other blog content for a greater learning experience.
Moreover, you can improve your financial understanding and well-being,and your money mindset, you make more profit, save tax and time. How wonderful is that?
Sign up for your FREE trial to Numbers Knowhow, the revolutionary cashflow software designed to empower you with the numbers you need to transform your business. With Numbers Knowhow, you’ll have access to powerful tools and features that will unlock a world of financial understanding and growth.