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Finance Fundamentals: How Keep Cash Flowing – (webinar)
11 June, 2020 @ 6:00 pm - 8:00 pm| Free
This workshop provides business owners with valuable skills in how to manage their cash flow.
Even a profitable business can have issues with cash flow. In fact, running out of money is a sure way for a profitable business to fail. Don’t let that happen to you! Learn to identify what’s driving your own cash flow and what you can do to keep cash pumping into the parts of your business that need it most. Get on top of the fundamentals, including the difference between profit and cash, the role of marketing and how the working capital cycle can impact your business. Learn how to manage stock, suppliers and debtors and how to prepare a cash flow forecast so you can avoid a crisis before it hits. Delivered by a small business financial expert and packed with practical tips and techniques you can apply straight away, this workshop includes a free one-on-one mentoring session to make sure you get it right. Ensure the life blood of your business never stops pumping at this essential Small Business Victoria workshop, one of many that have helped businesses in Victoria get started for more than 10 years. Learn how to:
- Tell the difference between profit and cash
- Understand the working capital cycle
- Improve customer collections
- Manage stock
- Manage suppliers
- Manage debtors
- Avoid a cash flow crisis
- Prepare a cash flow forecast
- Access tools, templates, support and resources in future.