Over the next Several Weeks we will be posting a new and different one-minute video providing business tips and instructional commentary for small business owners. These tips will range from key metrics to consider to the importance of Business and Cash Flow Forecasting.
The most popular question that I get asked from business owners is the “Can I afford it?” question. “Can I afford a new piece of equipment?”, “Can I afford a new location?”, “Can I afford more personnel?”; the way this question is answered is through a business and cashflow forecast. My name is Michael Barbarita from Next Step CFO providing outsourced CFO Services with your know your numbers minute. The business and cashflow forecast is so revealing in terms of understanding what you can afford that the business owner can’t help but to develop and implement the right strategies to be able to acquire what they need. And remember, the most successful business owners know their numbers!