Module 3: Cash Flow
Welcome
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 |
Modules
1. Financial Management
2. Recordkeeping
3. Cash Flow
- Exercise #1
- Cash Flow Explained
- Exercise #2
- Key Takeaways
- Resources
4. Building Credit
5. Banking Services
6. Financing Options
7. Tax Planning
8. Risk Management