Many a small business has closed down due to a lack of cash. What is so interesting is that majority of these business owners was surprised by the downfall due to the fact that revenues were growing.
Cash flow is of vital importance to the health of a business. Unfortunately, many small business owners however rely on the accountant to manage their cash flows due to the “mystery” that surrounds the concept of cash flows.
This course explains the importance of the continual monitoring of your cashflow statement and the need to understand the difference between profit and cash.
To enable the small business owner to understand and explain their business’ cash flow.
During this webinar we will discuss the following:
- Different drivers of cashflow - understand your cashflow
- How can a profitable business go bankrupt?
- Fast growth and cash flows
- Timing of cash flows – understand your own cycle
- Practical tools to monitor cash flows
- How to explain your cash movement in short conversation each month
- Managers/Executives (with no financial background) who are required to take financial decisions or contribute towards financial decisions
- Professionals including lawyers, architects, doctors and engineers
- Small business owners
- Entrepreneurs
- Human resource managers
