Why I'm in Love with Cash Flow Forecasts (Again and Again!)

In case you wonder if we take our own medicine, every chance I get I work on my cash flow forecast; maybe twice a week, and definitely just before payroll.  I set aside the time to make sure that I check in on the timing of cash inflows and outflows, verify that I am tracking previous expectations with expenses coming in, and plotting any new revenue or expenses I know are on the horizon – even if they’re a few months out.

 Now, I do this for a living and I’ve been doing it for more than 7 years.  I get that.  But I promise you three things:  1) it’s easy… a template and a little discipline and you can do it too; 2) you’ll know exactly how much cash you have and there won’t be any surprises since you’ll be on top of everything; and 3) you’ll be able to plan out different scenarios in no time.  Thinking about adding a new team member or renting a bigger space?  Adding a new client?  Just add a line!

Don’t have time?  We can get you started in a snap.  We can map your cash in and outflows for you and set up a time to meet every week to review and update until you’re ready to do it on your own.  We’ll keep you on task and make sure that you’ve got a plan that works for you.  And if you’re on a tight budget, you can search the internet for templates and samples to start.  Oh, and if you think they’re only for business, guess again.

It’s much easier than accounting (and of course, we do that), and it’s definitely the best planning and execution tool we’ve got.  Not sure yet? Set up time with us and I’d be willing to bet you’ll learn to love it, too!