By using a cash flow forecast template you can work out if your UK small business idea has legs. We’ve had a lot of small business ideas over the years. Some have been good, some have been bad. Knowing when to walk away is key to developing a successful small business. It’s absolutely essential that you do your homework and know your numbers! One way of doing this is by using a cash flow forecast. So let’s take a deep dive in to this.
Tide have identified a pain point of most small businesses and that’s cash flow management. Cashflow Insights from Tide is a free service that let’s you connect your business bank account to Tide via Open-Banking to help resolve this problem. So what is it and what does it do?