067 - Cash is king: how to not run out of money

How to forecast your company's cashflow. Cash is probably the most important thing in your business. Suppliers need to be paid, staff need to take their wages and regardless of what you do, if the money stops then your business stops too.

Even the most successful businesses can find themselves with cashflow problems. But maintaining an up-to-date cashflow forecast lets you see these financial icebergs so that you can change course before you hit them. In this episode, David looks at how to put together a cashflow forecast for your vegan business and then how having an intimate knowledge of your company's finances gives you the information and security you need to make the big decisions about the direction of your business.

About Vegan Business Tribe

Hosted by Vegan Business Tribe co-founder, David Pannell. Lisa & David have worked with some of the largest high-street brands and food manufacturers to help them understand and connect with the vegan marketplace. David is also the official UK agent for The Vegan Society's Vegan Trademark and Lisa writes the monthly business column in Vegan Food & Living - the biggest vegan print publication in the UK.

Vegan Business Tribe is where they give back with weekly content, seminars, business clinics, networking events, mentoring and online courses to help you create a successful vegan business. If you want to go beyond the podcast and connect with our community of like-minded vegan entrepreneurs or get support from Lisa & David, then head over to www.veganbusinesstribe.com where you will be welcomed with open arms!