Understanding Cash flow is a critical part of your business planning in order to maximize earnings this year, but we understand that it can also be challenging.
We are offering a focus, hands-on training exclusive to NLBWA-IE members, to give you the opportunity to get the answers you need to bring more clarity to this process. This 2-day workshop will cover the following:
Session 1 – Understanding & Managing your Cash Flow
In attending this course, you will understand how Cash Management encompasses how your company manages its operations or business activities; financial investments & financing activities. You will learn how to generate cash flow from your business in order to survive; meaning, if it is able to cover its expenses, repay your vendors, and expand your business.
You will gain a basic understanding of how to plan & generate cash from your business activities to manage your cash situation so that you maintain the right amount of cash to meet your immediate and long-term needs.
In addition, we will discuss Cash Flow (Asset Base) financing as opposed to collateral financing, based on equipment, real estate etc.
Session 2 – Improving Cash Management
This lesson plan will provide you with an insight as to how to improve your Cash Management processes and procedures. Even if your company is making a profit by making more revenue than it incurs in expenses, you will have to manage your cash flow correctly. Gain knowledge on how to improve your cash flow and how this impacts the growth and development of your business.
We will also cover how understanding your cash flow offers a clear view of the financial health of your business. A company’s cash flow is tied directly to its operations or business activities, specifically; to its investment activities (such as the purchase of the sale of capital equipment), and to its financing activities (such as raising debt or equity funding for purposes of repaying such funding. While a company can fudge its earnings, its cash flow provides an idea (blueprint) about its real financial health.
Recommendations and requirements:
Must register via the Eventbrite registration page.
All registered attendees will receive an email before the event with the link to access the event.
Platform: Zoom (recommended to download app if accessing through a mobile device)Recommended browsers: For the best experience, please use one of these browsers: Edge, New Chromium Edge, Chrome, or Firefox. No finance experience is needed. **
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