Business Topic of the Month: Forecasting: The Importance of a Financial Model
Many companies develop an annual budget based on their Profit and Loss Statement for the coming year. While this provides a good picture of expected revenue and expenses, it does not adequately reflect the pace of cash flowing through the business. Business management requires a full financial model in order to predict the pace of cash which allows decisions to be made such as capital expenditures or debt repayment. This paper discusses the purpose of a financial model and outlines the steps to develop one for your company through a case study of Uncle Bob’s Wholesale Widget Shop.
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Leasing Competitive Edge
Cathedral is excited to announce Leasing Competitive Edge, a new initiative devoted to grow, create value, and strengthen its automotive and equipment leasing clients.
As a member of Leasing Competitive Edge (LCE), participants receive counsel on growing their company, statistical company comparisons, selling strategies, new profit opportunities, successful marketing ideas, and more. Tri-annual conferences bring together non-competitive peers to discuss improved operational ideas and industry trends with experts. Learn More
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Upcoming Complimentary Webinars
More information.
Nonprofit Webinar: Board Assessments: One Mission and One Direction?
Thursday, June 27, 2013
2:15-3:00pm EST/
1:15-2:00pm CST
Register.
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