Avoiding Cash Flow Pitfalls
The financial health of your business ultimately depends on your cash flow – even if you’re already turning a profit. Keeping your cash flow positive is one of the best ways to improve the financial health of your business and ensure you continue to grow.
Join Bill Erichson, Pacific Training Innovations, as he details how to stay on top of your business cash flow. You’ll learn the three factors that determine how cash enters your business, as well as how to forecast your monthly cash out flows.
WHAT WILL I LEARN?
- The three factors that determine how cash enters your business each month
- How to forecast your monthly outgoings
- Understanding cash flow calculations
- The real causes of cash flow problems
- Doing ‘what if’ calculations to plan for success
Due to the rapidly evolving public health situation surrounding COVID-19, Small Business BC has reached the difficult decision to modify how we deliver our services in the coming weeks.
As an organization, our number one priority will always be the health and safety of our clients, staff and service providers. We also want to ensure we maintain the high service standards our clients expect. As such, we will be delivering all our services online, or over the phone, until further notice. See here for more information on our service changes. Please use our COVID-19 small business resources – including this practical checklist for business continuity.