Taking control of your revenue and cash flow

 

When starting your business, one of the first important things you need to do is create your business plan and take into account your financial considerations such as profit and loss and cash flow forecasts. Getting your financials right is key to the success of any start-up, and can unlock great growth opportunities for your business when done right. In this video we discuss how to embed your finances into a business plan, as well as how to manage and monitor your revenue and cash flow as a business owner.

KEY LEARNINGS

  • Understand the importance of creating a business plan
  • Learn how to take control of and monitor your cash flow
  • Learn how to effectively manage your business budget
  • Understand the key bookkeeping terms and concepts

Read time:

15 mins

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Lloyds Bank Academy is committed to providing information in a way that is accessible and useful for our users. This information, however, is not in any way intended to amount to authority or advice on which reliance should be placed. You should seek professional advice as appropriate and required. Any sites, products or services named in this module are just examples of what's available. Lloyds Bank does not endorse the services they provide. The information in this module was last updated on 16th December 2022.