Cash Flow Problems
Let’s face it; if a company is not properly capitalized it is bound to have cash flow problems.
My name is Michael Barbarita from Next Step CFO with the Know Your Numbers Minute.
Most all business owners and entrepreneurs underestimate their cash needs because there are so many contingencies and factors to take into account.
Having a professionally prepared business and cash flow forecast will allow you to know with great certainty how much cash you will need because a professionally prepared business and cash flow forecast will cover the contingencies. Plus you will be able to do a variety of what if scenarios at different levels of sales to cover even more contingencies.
And remember, the most successful business owners know their numbers.