How to manage finances in a small business? | 5 Simple Ways | Explained!

Описание: It is very important to manage funds and finances for any business to run for a long time. So, In this video, I will discuss managing finances in a small business. How you can manage your cash flow and how you can make your business financial statement and how you can read your financial statement.

Timestamp:
0:00 - Introduction - How to manage finances in a business
0:26 - What is cash flow management?
0:45 - Difference between positive cash flow and negative cash flow
2:56 - How to manage cash flow?
3:21 - Make a separate corporate financial statement and personal financial statement
4:12 - What is projected Profit and loss? and How to make a projected profit and loss statement?
6:23 - Breakeven analysis.
6:55 - How to achieve break-even point?
7:32 - Emergency Funds
8:55 - Summary

Topics to be discussed:-
Cash flow Management
What is positive cash flow
What is negative cash flow
how to manage cash flow
what is cash flow
how to make a personal financial statement
how to make a corporate financial statement
keep your business and personal financial statement separate
separate yourself and the business
Your business finances should be used for business while your personal finances should be separate
financial management and financial planning
How to properly manage your money in business?
money management
What is project profit and loss?
Why divide your financial statement in the best case, worst case, and most likely.
how to manage costs using project profit and loss statement and why it is useful.
break-even analysis - What is break-even analysis and why it is important.
You to make a break-even point in any business.
Make emergency funds and deposits in a business.

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