Hi Guys and welcome to Finance and Fury’s ‘Say What Wednesday’ Episode. Today we’re joined again by Nick.
Our question today comes from Justin who asks,
“Our building company recently went through issues with its cashflow, so as directors we halved our wages to help…I was wondering if you could talk about the importance of, and the correct way to complete a cash flow forecast. Up until recently we had never completed a budget or cashflow forecast yet we have a turnover of 5 million. Yet, it was the lack of cash flow forecast that nearly brought us down.”
Today’s episode we’ll run through;
As a business owner the company revenues are yours after all costs are paid for