The Importance of Cash Flow Management for Small Business Success

07/03/23 • 12 min

When managing cash flow, most business owners check their Chase app every morning to ensure they still have money. Cash flow management is an essential component of running your small business. Without properly managing your money as a business owner, you run the risk of defaulting on loans, not being able to run payroll, and bankrupting your business. Luckily, cash flow management is an incredibly accessible practice!

In today's episode, Jeremy walks through the basics of cash flow management for small business owners. Together, we'll answer basic questions like, what is cash flow management? How can I manage my business's cash easily? We'll unpack the best practices for managing your cash flow and how you can implement safeguards to protect your business along the way.

🖥️ Trying to understand business finance by yourself? Check out the free Financial Storytelling course here: https://www.amarlo.co/tell-your-story

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🖥️ Trying to understand business finance by yourself? Check out the free Financial Storytelling course here: https://www.amarlo.co/tell-your-story

📧 Want more episodes of the Profit Plot sent to your inbox? Sign up for our free newsletter: https://view.flodesk.com/pages/647fb5f380b41008f5634f46

Previous Episode

Financial Forecasting: How to Plan for the Future of Your Business

If you could tell the future, would it change how you make business decisions? That's what financial forecasting is for: to model scenarios and help paint a picture of the future. When done correctly, financial forecasting can help you unlock an edge in your business that is unlike any other. One that allows you to be confident in your plans moving forward, in the decisions that you're making, and in your business itself.

On today's episode, Jeremy walks through the basics of financial forecasting, what it means for small business owners, and more. We'll answer basic questions like, what is financial forecasting? How can I create a financial forecast? What should I look for when forecasting my business's financial position?

🖥️ Trying to understand business finance by yourself? Check out the free Financial Storytelling course here: https://www.amarlo.co/tell-your-story

📧 Want more episodes of the Profit Plot sent to your inbox? Sign up for our free newsletter: https://view.flodesk.com/pages/647fb5f380b41008f5634f46

Next Episode

The Role of a Fractional CFO in Scaling Your Business

A fractional CFO can be a game-changing hire for a small business owner. Fractional CFOs allow you to redirect your energy away from your business's finance and focus instead on growing your business. These essential service providers can be cheaper than a full-time executive while still delivering immense value.

In today's episode, Jeremy walks through the basics of what to look for in a Fractional CFO for small business owners who are looking to grow. Together, we'll walk through basic topics like the role a CFO can play in your business, how to get the most out of your relationship with your Fractional CFO, and the areas of focus your CFO may choose to spend their time.

🖥️ Trying to understand business finance by yourself? Check out the free Financial Storytelling course here: https://www.amarlo.co/tell-your-story

📧 Want more episodes of the Profit Plot sent to your inbox? Sign up for our free newsletter: https://view.flodesk.com/pages/647fb5f380b41008f5634f46