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Predicting Financial Success: Developing an Appropriate Cash Flow Forecast
November 18 @ 1:00 pm - 2:30 pmFree
It’s important for a business to have in place the best procedures to ensure the most success, even in the most unexpected situations. Having cash flow projections and open conversations with professionals in your network will help you predict what steps you need to take during the tough times.
Vince Stasiulewicz and Randy Gerber will be having a discussion on why it is important to create a cash flow forecast and how it can lead to success, even in the most difficult, unexpected times.
You will walk away with knowledge on:
Creating models based on best, moderate and worst case scenarios
Making sure that cash flow projections are appropriately benchmarking your financial statements as a percentage of sales
Ensuring that the assumptions that are being put into the cash flow forecast are supportable and achievable
Encourage transparency in discussion with creditors, landlords, etc
Consider utilization of a third-party expert to opine on the forecasts to provide credibility
Accuracy and timeliness of data is key in developing a meaningful cash flow forecast
Be flexible and change agile