Cash flow forecasting is one of the most critical aspects of running a business of any size. Knowing when money is coming in or going out and how much is being exchanged is often the deciding factor when it comes to making key business decisions. Whether your organization is in growth mode, status quo, losing ground or survival mode, cash flow forecasting is critical to your success. Does your organization have an effective cash flow forecasting strategy in place, or do you find yourself…
• Constantly running short of cash due to out of control expenses?
• Falling victim to inadequate planning for purchases, upgrades or replacement of big-ticket items — when it comes time to purchase, there’s not enough cash?
• Unaware of the cost associated with slow-paying and no-paying customers?
• Unable to pay bills or payroll even though sales and profit are up?
• Facing increased risks or missed opportunities associated with projecting cash flow too high… or too low?
• The importance of cash flow forecasting including risks and opportunities
• Problems that can get in the way of accurate forecasting — what to look for and key solutions
• How to gain cooperation and buy-in from managers and support staff
• Cash flow mechanics and key terms:
• Revenue — volume, price
• Variable cost forecast
• Fixed costs
• Operating Assets (AR/Inventory/Payables)
• Operating Cash Flow Forecast
• Investment (Capital Assets/Securities)
• Financing (Debt)
• Rolling Cash Flow Forecast Process/Monthly Review Cycle – how often should you look at cash flow?
Jim Millar is principal of The Vine Group, which he founded in October of 1998. The Vine Group is a business advisory firm providing strategic planning, valuation analysis and financing assistance to growing businesses. The Vine Group has assisted several companies in raising capital for growth, selling company assets/stock for appropriate valuations and executing the acquisition of strategic businesses.
He has over 30 years of financial and business expertise plus extensive management and business development experience as a senior executive with both large and earlier stage companies. Mr. Millar has advised, managed or led over 100 transactions with an aggregate value of over $1 billion. His expertise includes private placement of debt and equity, mergers, acquisitions and divestitures, valuation services, business formation, strategic planning and corporate finance. Mr. Millar specializes in navigating the complex dynamics of smaller and family owned businesses. Multi-generational business challenges are unique in their approach and often require creative and sensitive solutions. He has developed strategies and financial tools to assist owners with their specific cash flow issues. His approach is informational, strategic
and practical in nature. Participants will leave with tools and new insights into how to better forecast and implement their cash flow strategies.