Cash Flow Forecasts & Break-Even Position
April 27, 2020
|By admin
Last updated 24th March 2020
It is critical to create a cash flow forecast and understand your break-even position so that you are well informed and pro-active with your decision-making process during these tough times.
It is best to work through some worst-case scenarios, understand response times and what the business needs to do to stay afloat.
Part of this process is having a strong understand of which of your costs are fixed and which are variable, as well as what is your gross profit margin.