Cash flow is king for small businesses and the self-employed. Nevertheless, planning cash flow is easier said than done, especially if you are not a numbers person. However, if you are going to succeed in business, mastering basic cash flow projections is a must. After all, you can be a profitable business yet still have poor cash flow, simply because the cycle of cash in and out of your business isn’t synchronized.

This workshop is specially designed to help entrepreneurs and small businesses forecast the financing requirements. After completing this workshop, participants should be able to:

• Complete the entire forecasting process using user-friendly template developed by SCORE -LA to help determine the financial viability of your business.
• Determine and manage cash flow on a month-by-month basis and project future cash needs.

Key Benefits / Takeaways

• How to forecast without historical data
• What you can do within your company to better manage cash flow
• How to operate with suppliers, lenders and customers to improve cash flow
• A painless process for creating financial projections, a must for any business plan

For more information, please visit the SCORE website.