It’s the start of a new year, and you’ve got big plans for your company—an expansion or a major equipment purchase.
How will your plans affect your cash flow? Will you need financing, and if so how much?
These are typical questions to ask as part of your company’s annual financial planning.
Many neglect financial projections
But a surprising number of entrepreneurs fail to make financial projections for their company. And the result can be serious, unexpected trouble.
Making cash flow and other financial projections each year is a vital tool for keeping your business healthy and on a sustainable growth path.