Managing Cashflow for Small Business - Held in Bunbury

Do you want greater control over the money moving in and out of your business?

By attending this FREE workshop, you will learn how to prepare and use a cash flow forecast, identify potential shortfalls, plan for major payments, and take practical steps to improve your cash position and make confident business decisions.

Healthy cash flow is essential to the survival and growth of a small business. This practical workshop explains the difference between profit and cash, shows you how to forecast future cash needs, and provides practical strategies for managing cash shortages. It will also cover helping you understand where your cash is going, anticipate future shortages and take practical steps to maintain a healthy cash position.

Outcome: Feel more confident forecasting and managing your business cash flow

Main Topics Covered:

• Cash flow terminology.

• Profit versus cash

• Cash flow statements and forecasts

• Timing of income and expenses.

• GST and tax provisions.

• Wages and super obligations.

• Debtors and creditors.

• Stock management.

• Scenario planning.

• Financing options.

• Warning signs.

• Cash flow improvement strategies.

Suitable for: Small business owners, sole traders and start-ups who want to improve cash flow planning, anticipate shortages, manage payment obligations and make more confident financial decisions.

Note: Maximum of 2 bookings per business.

Presenter: Craig Holland, Business Advisor from IPS Management Consultants.

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IPS Management Consultants is a provider of SBDC Regional services in the South West, Peel, Mid West/Gascoyne, Pilbara and Wheatbelt regions.

This SBDC Regional workshop is funded by the State Government through the Small Business Development Corporation.