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38 UK Businesses Close Every Day | 13 Week Cash Flow Forecast Explained Analytics Table
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About 38 UK Businesses Close Every Day | 13 Week Cash Flow Forecast Explained
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38 UK businesses close their doors every single day because of late payment and cash flow. Most of them were profitable on paper. That is around 14,000 businesses a year, and at any given moment there is £26 billion sitting in unpaid invoices across the UK. If you run a business turning over between £500k and £10m, some of that money is almost certainly yours. In this video, John Osijo, Chartered Accountant (FCCA) and fractional CFO, gives you the two part cash flow system that separates the businesses that survive from the 38 a day that do not. It draws on twenty years at Morgan Stanley, J.P. Morgan and HSBC, where managing cash was never an annual event. It was a daily discipline. In this video you will learn: Why profit is an opinion and cash is a fact How to build a 13 week rolling cash flow forecast in a spreadsheet, in an afternoon The three rules most owners get wrong: cash dates not invoice dates, why your Xero or QuickBooks figures are not a forecast, and running best, likely and worst case side by side How to work out the cash buffer your business actually needs How to turn collections into a system, so chasing invoices stops being awkward How one business cut its average payment time from 52 days to 30 with no new customers and no extra sales What the new UK late payment rules mean for you (a 60 day cap on payment terms, 30 days for public sector work, and a deadline for disputing invoices) and why the law alone will not put cash in your account Book a confidential 30 minute consultation. We will look at your cash position together and I will show you honestly where the gaps are. No pitch. Just clarity. https://calendly.com/johnosijo/intro-call CHAPTERS 0:00 38 businesses close every day 1:00 Profit is an opinion, cash is a fact 2:24 Part one: the 13 week rolling cash flow forecast 4:48 Part two: collections as a discipline 7:20 The new late payment law and why it is not enough 8:59 What actually fails: visibility 10:00 Your challenge for this week ABOUT LEGACY GROWTH PARTNERS Legacy Growth Partners gives UK owner managed businesses turning over £500k to £10m the cash visibility and financial control of a top tier CFO, without the full time cost. Website: https://legacy-cfo-partners.com/ Email: [email protected] LinkedIn: https://www.linkedin.com/in/johnosijo Subscribe for more: http://www.youtube.com/@legacygrowthpartnersltd?sub_confirmation=1 #CashFlow #CashFlowForecast #FractionalCFO
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