Cash Flow Forecasting - A Need Of Every Business!

Each morning at my child’s bus stop, there is a foolproof route to say that the school bus is about to arrive: when you see a group of children running towards the bus stop from the park, you know that the faithful yellow hardtop is on his way.

Is this child’s game or strategy? I would say tactical because here the experience showed that these children just have enough time to go from the park to the bus stop once they saw the school bus arriving towards the bus stop. What has this to do with the forecast of cash flow.

If you pay attention to how and when the cash is flowing in and out of your business, you’ll never miss the bus. Or at least, you’ll have a pretty solid idea when the bus is to arrive, if it’s running late or if you’ll need any alternate transportation.

And if you pay attention to your business cash flow whether it’s flowing in or out, you will never gonna miss the bus. Forecasting your cash helps you anticipate cash gaps well in advance.

Here’s why there is a need for cash flow forecasting for every business:

Cash Shortage Notices

A healthy cash flow forecast data helps you find the cash gaps of your business far in advance and allow you to take action. That means you can take necessary actions like negotiations over credit rates, credit control systems, etc.

‘Forewarned is forearmed’

Cash flow forecasting gives you a clear picture of your business cash positions. This means you might have to use online lending tools like Fundera, Fundbox, etc to fill cash flow gaps.

Grow Your Business With The Use Of Cash Surplus

Growing businesses need to notice and take advantage of a cash surplus. With money in your hands, you always have the opportunity to invest in the right way to grow your business.

With a cash flow forecasting app, you will know about when, where, and how much to reinvest to run your business. Adopting the right forecasting method in your business financial forecasting model, you will always be heading to increase your business at a safe and healthy pace.

By adopting cash flow forecasting tools, fintech accountants can integrate cash flow forecasts with their existing financial model and help business clients stay up-to-date on their upcoming, due, or past-due payments. These technologies add value to the fintech’s solutions and allow business clients to spend more time on their platform instead of looking to external apps for cash flow forecasting, management, and planning.

Organizational culture

Organizational culture is the way in which employees interact with one another and the company's overall operations. It can have a significant effect on how employees feel about their jobs and the company as a whole. In a startup company, organizational culture is especially important because there is often a high level of uncertainty and flux. A positive organizational culture can help employees feel supported and encourage them to take risks. A negative organizational culture can lead to tension and conflict.

To create an effective organizational culture, startups need to create a sense of community. They should also make sure that their policies and procedures are consistent with their cultural values. Finally, they must ensure that all employees know about and support the company's goals.

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khalid-albeshri

3 years ago

Google Analytics is the best friend of all Digital Marketers as it dictates the decision making and success of every websites.

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khalid-albeshri

2 years ago

Bringing a project to a successful conclusion is far from a simple process. #Holdingcompany #businessminded #businessquotes #businesssuccess #businessman #businesstip #businessideas #womeninbusiness #businessmarketing #businessconsulting #businesspassion #socialmedia #businessopportunity #businesslife #strategy #businesses #growth #businessmentor #businessmotivation #entrepreneurs #creditrepair #coaching #businessplanning #networking #businessonline #consulting #contentmarketing #businessmanagement #businessconsultants #businessstartup #marketingtips #KhalidAlbeshri #pivot

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khalid-albeshri

10 months ago

New Murabba Case Study: Urban Transformation in Riyadh

Overview: The New Murabba Project, led by Saudi Arabia's Public Investment Fund (PIF), is a key part of Vision 2030, transforming Riyadh into a world-leading city with a massive modern downtown.

Key Components:

Mukaab Landmark:

Design: A 400-meter cube structure housing a museum, university, theatre, and over 80 entertainment venues.

Urban Planning:

Development: 104,000 residential units, 9,000 hotel rooms, and 980,000 square meters of retail space.

Green Spaces: A 3.2 million square meter park.

Transportation: Integrated public transport network.

Sustainability and Innovation:

Energy Efficiency: Sustainable building practices and energy-efficient technologies.

Smart City Features: Implementation of smart infrastructure.

Public–Private Partnerships (PPPs): The project highlights the role of PPPs in

urban transformation:

Investment and Funding:

Public Investment Fund: Primary investor attracting private sector investments.

Collaboration with International Firms:

Design and Construction: Partnerships with global firms for world-class standards.

Technology: Integrating smart city solutions.

Economic Impact:

Job Creation: Significant job opportunities during construction and ongoing operations.

Tourism and Commerce: Boosting the local economy and Riyadh's global standing.

Challenges:

- Project Management: Ensuring timely completion with robust management.

- Sustainability: Balancing urbanization with environmental impact.

- Community Engagement: Involving local communities and stakeholders.

Conclusion: The New Murabba Project exemplifies the power of PPPs in urban development, integrating cultural, commercial, and residential elements with sustainability and technology to create a vibrant, future-ready urban center in Riyadh.

#KhalidAlbeshri #خالدالبشري

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khalid-albeshri

2 years ago

How to set a strategic direction?

- Consider your vision for the company.

- Reflect on the company's mission.

- Develop a plan.

- Set periodic goals.

- Set quantifiable goals.

- Adjust your strategic direction as necessary.

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khalid-albeshri

3 years ago

Remind yourself never to forget to grow your business online.

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khalid-albeshri

3 years ago