Cash flow forecasting is a critical financial management tool that provides insights into the timing and amount of cash inflows and outflows. It aids in financial planning, risk management, and overall financial health, making it an indispensable practice for businesses.
Having access to capital and enough inventory is critical to keep your Amazon business growing. And with so much money coming in and out, Oz Merchant of Viably tells us all the reasons why cash flow is the lifeblood of the business.
Episode Notes:
01:00 - Oz Merchant Introduction
01:50 - Creation of Viably
04:00 - How To Use Cashflow in Your Business
06:05 - Cashflow Forecasting
09:55 - Focus on the ROI Instead of the Cost
11:00 - The Volume Advantage
14:00 - Utilizing Viably’s Working Capital
16:40 - Do You Always Need Capital?
20:00 - Using Viably’s Cashflow Tool
Website: https://www.runviably.com/about-us/ | wellistic.com
Blog: gomindhacking.com
LinkedIn: linkedin.com/in/ozmerchant
Twitter: ozmerchant
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