The document provides strategies and tips for managing cash flow in a small business. It discusses developing a cash flow forecast to monitor incoming and outgoing money. Tips include getting cash in quickly from sales while slowing outflows, managing accounts receivable, inventory, and debt, and cutting expenses where possible. Regularly updating the cash flow forecast can help alert businesses before running out of money and improve effective management.
This presentation discusses managing cash flow. It defines cash flow management as forecasting, collecting, disbursing, investing, and planning for cash needs. A cash budget or "cash map" is created to predict cash needs over time. The five steps to prepare a cash budget are determining a minimum cash balance, forecasting sales, forecasting cash receipts, forecasting cash disbursements, and estimating the end-of-month cash balance. Managing accounts receivable, accounts payable, and inventory are described as the "Big Three" of cash flow management. Tips are provided to accelerate cash receipts and stretch out cash disbursements.
This document provides a concise guide to cash flow management for small businesses. It discusses the importance of cash flow and outlines key principles for managing cash flow, including actively monitoring cash inflows and outflows. The document also covers accelerating cash inflows through streamlining processes like customer ordering, credit decisions, fulfillment and invoicing. It emphasizes the importance of establishing a clear credit policy and checking customer creditworthiness to minimize risks.
This document discusses cost based pricing. Cost based pricing sets the price of a product based on the costs to produce it, including direct costs, indirect costs, and an additional amount for profit. The key advantages are that it is simple and flexible to adjust prices as costs change. However, it ignores factors like demand, competition, and brand positioning. There are different types of cost based pricing like cost plus pricing, full cost pricing, and target profit pricing.
The document provides strategies and tips for managing cash flow in a small business. It discusses developing a cash flow forecast to monitor incoming and outgoing money. Tips include getting cash in quickly from sales while slowing outflows, managing accounts receivable, inventory, and debt, and cutting expenses where possible. Regularly updating the cash flow forecast can help alert businesses before running out of money and improve effective management.
This presentation discusses managing cash flow. It defines cash flow management as forecasting, collecting, disbursing, investing, and planning for cash needs. A cash budget or "cash map" is created to predict cash needs over time. The five steps to prepare a cash budget are determining a minimum cash balance, forecasting sales, forecasting cash receipts, forecasting cash disbursements, and estimating the end-of-month cash balance. Managing accounts receivable, accounts payable, and inventory are described as the "Big Three" of cash flow management. Tips are provided to accelerate cash receipts and stretch out cash disbursements.
This document provides a concise guide to cash flow management for small businesses. It discusses the importance of cash flow and outlines key principles for managing cash flow, including actively monitoring cash inflows and outflows. The document also covers accelerating cash inflows through streamlining processes like customer ordering, credit decisions, fulfillment and invoicing. It emphasizes the importance of establishing a clear credit policy and checking customer creditworthiness to minimize risks.
This document discusses cost based pricing. Cost based pricing sets the price of a product based on the costs to produce it, including direct costs, indirect costs, and an additional amount for profit. The key advantages are that it is simple and flexible to adjust prices as costs change. However, it ignores factors like demand, competition, and brand positioning. There are different types of cost based pricing like cost plus pricing, full cost pricing, and target profit pricing.