How a cashflow forecast can help you avoid bad business decisions

In today’s demonstration of why doing a cashflow forecast can change your business or your life, I want to use a real life example of how a cashflow forecast can help you avoid bad business decisions and save you money,

Transcript

In today’s demonstration of why doing a cashflow forecast can change your business or your life, I want to use a real life example of how a cashflow forecast can help you avoid making bad business decisions and save you money

When I meet this individual, they had a business idea had already been talking to potential suppliers about how their idea would be delivered.

But they had no real idea of the financial consequences of the decisions they were about to make. So, to help them I put together a cashflow forecast.

Now what I found was not the answer you usually expect. I found that the business case did not stack up. I found that the cost to deliver the products and services exceeded the potential revenue.

What this individual had to do, they had to back to their suppliers, re-evaluate how the product and service was delivered and find a cheaper more effective manner to do it so the business case actually stacked up.

So in this particular case, by doing a cashflow forecast, this saved the individual from entering into contracts that could have cost them lots of money and ultimately the cost them the business.

Just another example of why doing a cashflow forecast can change your business or your life.

Now if you want some implement a cashflow forecast that may potentially change your business or your life, contact me below.

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