Oxygen is something we take for granted unless it is cut off, then it becomes our highest priority.
Cash for an architecture firm works in much the same way.
Without cash, your firm will struggle for breath and quickly die unless you can come up with some cash … fast.
Firm owners deal with these shortfalls by putting their own personal money into the business, or relying on a line of credit.
A cash flow crisis indicates a systemic problem with the operations and financial management of an architecture firm.
The 13-week cash flow forecast is the financial tool that lets you anticipated a cash flow shortfall and take corrective action.
Watch the video above to discover how to use the 13-week cash flow forecast and the steps to take should you foresee a shortfall.