A solid understanding of cash flow is incredibly important to small business success. According to a U.S. Bank study, 82 percent of business failures are due to cash flow issues.
For this reason, the topic of cash flow is extensively covered on Bplans—so much so that it can be hard to ensure that you’ve learned everything you need to know.
To fix that, here are our top resources on cash flow. This list encompasses virtually everything you need to know on the topic, from why cash flow matters, to how to manage it best.
9 essential resources to help you understand and manage cash flow:
Our five-part series on cash flow offers perhaps the most in-depth look at the subject and covers it from a variety of angles.
You’ll learn about the basics of cash flow, the symptoms of potential cash flow problems, how to build a cash flow statement, the best ways to manage your cash flow, and how to navigate cash flow issues while growing your business.
If you’re looking for thorough coverage of the many facets of cash flow management, don’t miss this article series.
2. Free Cash Flow eBook Download
If you prefer to learn via downloads, our free downloadable cash flow ebook is a good place to start.
We’ve partnered with Fundbox (who authored the series above) to create this comprehensive ebook, covering all the details of cash flow. The only difference you’ll find between the above series and this ebook is the format, so depending on your preferred learning style, the downloadable version may suit your needs better.
3. The Complete Guide to Understanding Cash Flow
If you’d rather get a comprehensive look at cash flow in the format of a single article, check out our complete guide to cash flow.
This guide covers everything from understanding what cash flow entails, to determining how to calculate and manage your cash flow. Additionally, if the concept of cash flow is still a little foggy to you, you may benefit from the example scenarios laid out in this article, which are helpful when it comes to getting a better understanding of how cash flow impacts your business on a practical level.
If you’re fond of relying on numbers and charts to help you learn, this article by Palo Alto Software founder Tim Berry should be at the top of your list.
Here, you’ll get a solid understanding of the cash flow process, and if you prefer to see what the actual numbers show, you’ll find that in this article as well.
5. The Difference Between Cash and Profits
A follow up to the article above, this article will help clear up the difference between cash flow and profits (which, it should be noted, are not the same thing at all!).
In addition to parsing out the differences between the two, you’ll also get more visual representation to aid your understanding.
So, you understand the basics of cash flow.
Now, it’s time to look forward; how can you determine if your business will run into cash flow issues down the road?
If you feel you’ve got a good handle on the basics and want to get a better understanding of how to insulate your business against a cash crisis later on, check this one out.
7. Standard Business Plan Financials: How to Project Cash Flow
In a similar vein, this article on Tim Berry’s personal blog takes on the task of explaining the process of projecting your cash flow.
Knowing how to project cash flow will save your business hardship in the future, and enable you to make business decisions now (like determining if it’s the right time to buy that new piece of equipment).
8. 6 Expert Troubleshooting Tips to Improve Your Cash Flow
If you’re having cash flow troubles currently, you may want more actionable advice.
Here you’ll find six common cash flow issues explained, and you’ll learn how to resolve them in the present, and what to do to prevent them in the future.
If you want to get a sense of how your sales, inventory, and other variables impact your cash flow, our handy cash flow calculator is the way to go.
Simply plug in your information and gain valuable insight about your cash flow, and experiment with the factors that impact it.
Are there any facets of cash flow that we haven’t covered? If so, please let us know! Share this article on Twitter or Facebook with a comment, or let us know directly @Bplans!
from Bplans Articles http://ift.tt/2chqFHn
No comments:
Post a Comment