When you’re running a business, it’s easy to think your idea is great and your business is healthy. While optimism is important and you should stay positive, being realistic about your finances can keep your business afloat. More specifically, knowing exactly how much money you have coming in and out of your business is important.
How important? Considering 29% of small businesses close because of cash flow problems, it’s pretty darn important. But fear not. You can rush a cash flow projection, also known as cash flow forecast, to determine how much money you have and how much you could have in the future.
TABLE OF CONTENTS
- What is a cash flow projection?
- The perks of cash flow projections
- Performing cash flow forecasting in 4 steps
- Projecting greatness