cashfloplan
26
www.cashfloplan.com
-
Upload
reuben-waller -
Category
Documents
-
view
21 -
download
0
description
www.cashfloplan.com. Business Planning. Sales’ Plan Buying Plan Marketing Plan People Plan Profit Targets But do you have a Cashflow Plan?. www.cashfloplan.com. - PowerPoint PPT Presentation
Transcript of cashfloplan
www.cashfloplan.com
www.cashfloplan.com
Business Planning
• Sales’ Plan• Buying Plan• Marketing Plan• People Plan• Profit Targets• But do you have a Cashflow Plan?
Big Names-Big Losses
In January 2012, Kodak (Eastman) filed for Chapter 11 bankruptcy in the US, having been the leader of photo and imaging across the globe since 1889 and having held 90% of the photo film market as late as 1976.
0n January 31st 2013, B&Q Ireland, part of UK group Kingfisher, went into examinership. High rents and a drop in sales of more than 32% over previous 5 years were the key issues claimed.
www.cashfloplan.com
SMEs’ Loan Performance
Source: Lawless, McCann and McIndoe Calder, 2012
www.cashfloplan.com
When difficulties arise…
• Business running out of cash, who knows first?
• Suppliers• Staff• Customers• Bad news travels fast
www.cashfloplan.com
Controlling Your Cash Flow
• Have a plan for your Cashflow• Seasonality of cash demands• Realistic targets• Review terms:
• With suppliers• With customers
• Know your fixed and variable costs• Align your cash needs accordingly
www.cashfloplan.com
What is “Cashflo Plan”?
• Not a replacement for the accountant• It’s an online planning tool• It helps to identify your business’ cash needs• It’s very user friendly• It takes just minutes every day!
www.cashfloplan.com
Cash-In (inflows)
www.cashfloplan.com
www.cashfloplan.com
Edit Cash In
www.cashfloplan.com
Cash-Out (Outflows)
www.cashfloplan.com
www.cashfloplan.com
www.cashfloplan.com
Recurrence
www.cashfloplan.com
Accurate or Estimated
www.cashfloplan.com
Weekly Summary
Trading Balance
www.cashfloplan.com
www.cashfloplan.com
Decision Making…
• If the balance is negative, make decisions• If the balance is positive, make decisions• But most importantly, know that balance
www.cashfloplan.com
Remember…
• Even a profitable business will die if starved of cash
• Good businesses look at the present and plan for the future
• Other businesses look back• “How did we do last week?”• “We doing well versus last year”
After…
• Plan in place• Business being better managed• Cash in the bank• In control• Eliminate surprises
www.cashfloplan.com
Does it work?
Cooley Healthcare
www.cashfloplan.com
Does it work?
Sligo Retailer
www.cashfloplan.com
www.cashfloplan.com
How do I get Cashflo Plan?
www.cashfloplan.com
Annual Licence FeeNormally €99 incl. VAT per for 12 months
Today: 18 months
