Let me share with you the value of this tool
It identifies your income streams and asks you to estimate your what income are you expecting from these different avenues.
You can break down your individual expense and work out your cost per month.
You can work out the cost of setting up your business.
You can work out what amount of investment will be required to have a successful business.
You can put into the permeation all the different scenarios and see how that would affect your cash flow on a month to month basis.
The cash flow predictor can be used to look at your annual projections or you could even work out your weekly cash flow if necessary.
You can compare what is actually happening in your business with your predictions and appreciate how it is doing. It could help strategies your business because you can then focus on areas that you are doing well on or choose to spend on areas where you are not doing as well as you could be.
Whereas you may have figures in your head or on bits of paper this tool will help you appreciate the possibilities of what the cash flow could look like if things went to plan through the year, did better than you had expected or did not do as good as you had wanted it to.
Imagine you wanted to pursue a new investment opportunity and to do this you had to recruit a new employee. You simply add this to the cost of your current wage bill and you would be able to see what would happen to your cash flow if no extra business was generated, If business success was achieved at the best outcomes and if modest business success was achieved. If after all the permeations have been entered, you will get a good idea of how much income and profit to expect. This could go a long way in helping you decide whether it is an opportunity worth undertaking or not.
You can use the figures from your cash flow predictor to explain your business to potential investors. This can help raise finance for it should you require it.
In a nutshell this tool is essential for anyone in business.
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