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Managing cash flow and cash flow forecasting are two of the most difficult things to keep under control and plan for in a construction company.

Managing cash flow and cash flow forecasting are two of the most difficult things to keep under control and plan for in a construction company.

Managing cash flow and cash flow forecasting are two of the most difficult things to keep under control and plan for in a construction company.

Managing cash flow and cash flow forecasting are two of the most difficult things to keep under control and plan for in a construction company.

A cheat-sheet written for street-smart business owners… who are ready to grow!

Managing cash flow and cash flow forecasting are two of the most difficult things to keep under control and plan for in a construction company.

You need a ‘clear headed’ plan to cope with this situation and come out the other side intact. Obviously there will be many businesses that won’t make it, however many will come through this, if they employ a sensible survival strategy and maintain a high level of determination.

The only certainty that’s emerging throughout this crisis, is that we all need to learn to live with uncertainty! Uncertainty doesn’t have to mean being unprepared. It means we need to consider several potential scenarios and be prepared to cope, as well as possible, with each. Perhaps the best place to start is with the ‘worst case scenario’, so that you can build from there to cope with the worst, best and most likely scenarios.

Most business owners spend time looking at the results of their efforts in the Profit & Loss Report and occasionally the Balance Sheet.

Have you ever worked out what the finance function in your business really costs? When you analyse it and review the cost and effectiveness of each aspect, it can be quite an ‘eye opener’.

Over the years I’ve worked with many business owners, and it’s very interesting how many times I find the same gaps in the way they operate. The basics are often missing... even in those that are performing well.

If you run a B2B services business it is likely you have spent most of your professional life building this business from the ground up. Despite the fact that you have achieved great revenues and you are typically meeting your monthly targets, you are not always seeing these results reflected in your bank account. Even worse, July comes around and your tax return states that you’ve made a profit, which means you now owe the ATO money but those funds simply don’t exist in your bank account!

A cheat-sheet written for street-smart business owners… who are ready to grow!

Despite the fact that you have achieved great revenues and are typically meeting your monthly sales targets, you are not always seeing the profit and cash flow reflected in your bank account.