Improved liquidity allows you to capture more opportunities and reduces stress
What you'll learn
Identify ways to speed up cash inflows
Identify ways to slow down cash outflows
Recognize the parts of the cash conversion cycle and ways to reduce the cycle
Create a cash flow projection
Requirements
None
Description
One of the greatest sources of stress for small business owners is managing cash flow. 69% of business owners have been kept up at night by concerns about cash flow. More than half of U.S. businesses have lost $10,000 or more by foregoing a project or sales specifically due to issues created by insufficient cash flowThis course shows you techniques to increase cash flow and reduce dips in cash flow. You'll receive tips for speeding up the cash inflows and ways to slow down cash outflows. I explain how to prepare a cash flow projection. You discover a company's sustainable growth rate and how to increase it. Leverage (i.e., debt) can increase growth, profit, and cash. Leverage also comes with risks, and I explain how to manage those risks.Periods of high cash flow allow you to prepare your company for the future or provide owners cash for their personal needs. I'll walk you through some options for excess cash.You'll also receive the following:Links to a cash flow projection template and profit and loss (i.e., income statement) templateA worksheet on standard methods for projecting numbers to help you build your cash forecastsA sustainable growth rate calculator that estimates how much your company can sustainably grow at varying earnings levels and owner distribution levels.
Overview
Section 1: The Cash Conversion Cycle and Three Tanks of Cash
Lecture 1 Welcome and Overview
Lecture 2 Text Version of the Course
Lecture 3 The Cash Conversion Cycle
Lecture 4 Cash Conversion Cycle Calculator
Lecture 5 The Three Tanks of Cash
Section 2: The Art of Managing Cash
Lecture 6 Benefits of Cash Flow Projections and Forecasts
Lecture 7 Creating a Cash Flow Projection
Lecture 8 Cash Flow Projection Template
Lecture 9 Ways to Project Numbers
Lecture 10 Speed up Cash Inflows
Lecture 11 Slow Down Cash Outflows
Lecture 12 Managing Debt and Equity
Lecture 13 Managing Excess Cash
Lecture 14 Cash and Growth
Lecture 15 Sustainable Growth Rate Calculator
Business employees or owners who manage company cash flow,Business advisors who want to help their clients better manage cash flow
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