ReStart RI Webinar: “Cash is King”. Learn How to Manage It Better.

 

ReStart RI Webinar: “Cash is King”. Learn How to Manage It Better.

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Organized by: RI SCORE  1:00 PM - 2:00 PM
This is an online event.  Price: Free

In this harsh economic climate “cash is king” for small business owners. It is tough now and will likely get tougher. You need to know what to expect and how you can optimize your business to conserve cash now and in the future.

What’s more, cash flow has a lot of moving parts: Sales, inventory, pricing, supply chain, vendor payments, and marketing are just a few. Customer behaviors have changed and may change further. Reopening guidelines create additional costs and constraints.

This ReStart RI workshop for Rhode Island and South Coast Massachusetts small businesses will help you learn how to predict, manage, and improve your cash flow. SCORE RI experts will include several CPAs whose practices focus on assisting small businesses. They will offer the tools, techniques, and strategies you need to manage cash flow effectively. Plus, an interactive question and answer session will follow.

Topics will include, how to:
• Develop a cash flow budget on your own
• Use your budget to identify areas of concerns and make critical business decisions
• Find an existing cash flow template that is simple and easy to upkeep
• Forecast the future of your business with more certainty
• Model the impact of new rules and regulations on revenue and costs
• Incorporate credit card payments and credit limits into your cash forecast
• Determine how frequently to update your cash projections
• Review options to prudently access needed working capital
• Strengthen cash flow management to provide a cushion against a future disruption