With the spread of COVID-19 and the constantly changing situation around the world, this is an unprecedented time for everyone. For many, this time is filled with uncertainty.
The unknown of how long this will last, and, for small business owners, how this growing economic crisis will impact their business.
With no end in sight, it can be difficult to know how to make certain decisions for your business. The answer is not that simple, to truly understand what you need, or what can be done in the interim of this crisis, you need a plan. The key is to approach economic risk with logic not emotion, ensuring your business is safe from this crisis.
To help you extend your runway, combat uncertainty and develop a contingency plan for your business, our co-founder and CEO, Casey Clark hosted a 1-hour webinar that outlines how to track your cash flow to make data-driven decisions based on multiple scenarios so you are prepared for anything.
During this webinar, Casey Clark shared 3 key takeaways:
- How to build your Cash Flow Pro Formas to manage your expenses and cash
- Which levers in your business can be used to solve a gap in your cash flow
- Scenario planning to help you make financial decisions based on data, not emotions
You don’t need to be a financial expert to have a strong financial foundation for your business. Having a better understanding of your accounting can go a long way to better manage and monitor your business’s health. If you’re feeling uncertain about what the future may hold for your business, now is the time to take action. Schedule a free 2-hour advising session.