Module 3: Cash Flow
Welcome to Managing Cash Flow. In this module, we’ll take a more in-depth look at the idea of cash flow and how it impacts your business. As a small business, there’s a lot of money that moves in and out on a daily basis. To maximize your cash, you need to think ahead in order to meet financial obligations and run a profitable business on a long-term basis.
What do you know about cash flow?
Let’s start with a quick test to help you gauge your understanding of cash flow. Rate yourself from 1 (least) to 4 (most).
|1. I can describe why cash flow management is a critical component of owning and operating a small business||1||2||3||4|
|2. I know how to assess the cash flow cycle of my business and make cash flow projections.||1||2||3||4|
|3. I can describe how a cash flow statement can help assess and improve the financial health of my business.||1||2||3||4|
|4. I can identify at least two ways to manage cash flow in terms of managing costs and potential income.||1||2||3||4|