Cashflow in your Business and Why it's Critical
Play episode · 34 min

Today on the show talk about cashflow and why it can make or break your business.

 

What is covered in this episode:
  • Why cashflow is like petrol in your car
  • The problems that can be caused by not having a cashflow budget
  • Why you can show a profit but have no cashflow in your business
  • The importance of understanding your working cashflow cycle
  • Ways to improve your cashflow and working captial cycles
  • Why all types of business need to understand cashflow
  • The difference between a normal budget and a cashflow budget
  • Why the banks will ask for a cashflow budget when lending money
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