Similar to financial forecasting, cashflow forecasting allows a new business owner to ensure they have the necessary funds to keep their business thriving. The flow of cash in and out of a business is important. When cash comes in, it must go out or else the flow could signal challenges. When cash goes out, it is important that it continues to come in, or else there may no longer be any business. This short video will explain cash flow forecasting in a fun and easy to understand to ensure business owners keep the flow moving.
Students will learn cashflow forecasting to understand the importance of money flowing in and out of the business.