Small Tips 4 Small Businesses #1

Cash Flow Matters More than Profit—Profit is important but cash flow is king. Profit does not equal Cash Flow, it is profit on paper.
Tip #1: Forecast your Cash Flow Weekly—see the gaps before they appear
Most small business only review finances at month-end or even year-end, which is often too late to act on shortfalls.
Create a rolling 13-week forecast for cashflow. Track inflows vs outflows weekly. Use a spreadsheet or free online tool to simplify updates—daily!
Dedicate 30 minutes every Friday to review next week’s cash position and plan for pitfalls. Make provision or change course before you run into a cashflow wall.