‘Cash will be King’ – Free Workshops from X5 Chartered Accountants
MORE THAN EVER – CASH WILL BE KING – IN THE NEW NORMAL
But – how will you know how much cash you are going to need?
Did you see the report that suggested more than 1 in 3 of existing businesses will go bust before March in the fall out arising from the pandemic – not because they are unprofitable – no because they will not have enough cash – will your business be one like that?
How can you be sure? Do you have a detailed integrated plan to discuss with shareholders, bankers, and possibly even customers and suppliers?
According to banking sources, too many businesses have done little or no detailed planning that can be tested, and they appear to be burying their heads in the sand in the hope that the bounce back will be quick and strong. Realistically – It will not – all of us need to pay attention to what is going on and take massive action to prepare our businesses for the worst, and hope and pray it does not happen.
This country and indeed the whole world faces a massive crisis not seen since the 1930s and we all need to prepare – URGENTLY
Now more than ever CASH IS KING – However, we all know that is just a cliche, and so many businesses do not have the tools available to analyse, plan and test their cashflow against a variety of scenarios.
With so much uncertainty following the Covid-19 crisis, now more than ever, you need strong, decisive leadership and a robust plan. Not the sort of plan that sits in a draw gathering dust, to survive and flourish you need robust, flexible plans that are reviewed and revised regularly and every time new information which will have a material impact on your business comes to light.
We are very worried and we want to help you, by offering you (free of charge) a detailed 5 year plan with an integrated Profit & Loss, Balance Sheet, and Cash Flow forecast, that we have produced for our clients
Let me show you a very quick preview of what I mean – please click here to watch this brief videoclip https://share.getcloudapp.com/jkuQAYzx
It has never been more important for you to know what your closing bank position will be each month to support funding proposals and plan for the recovery…
Register to find out how to do this – we’re running a series of free workshops,
M J OGILVIE