How to Prepare and Present a Successful Business Finance Form

Instructions and help about How To Prepare And Present A Successful Business Finance

Just like you need air to breathe, your company needs cash flow to stay in business. Many small business owners avoid managing the money part of their business. This could be because: It may seem difficult to understand Financial statements look intimidating It’s more fun to work on marketing They have hired a bookkeeper Or maybe they are too busy It’s important to pause and look at your numbers often. Your financials tell you about the health of your company. If you are feeling intimidated by “financials” this video will help you master 3 key concepts. Our first concept is Cashflow: It is important to know when the money comes in and how it’s being spent. You want to ensure your bill collection and payments are on time. Doing this will help you stay on track and plan for emergencies. If you run a seasonal business like a landscaping company, your cash inflow for the entire year may happen in just a few short months. You will need to plan for costs such as rent and utilities