Your step-by-step guide to mastering your cash flow – Ep 1 (Tide Masterclass)
Episode 1: Why it’s crucial to have your cash flow under control
Introducing the series “Your step-by-step guide to mastering your cash flow”, where you’ll learn directly from a cash flow expert! Former Small Business Commissioner, Philip King is passionate about helping small business owners master their cash flow. During these Masterclasses, he shares his top tips and answers your questions.
“As we work our way out of the pandemic, cash flow is going to be more important than ever for small businesses. Managing it well could be the difference between success and potential failure; avoiding common pitfalls will be crucial.”
Philip King, Tide Cash Flow Expert and former Small Business Commissioner
Starting with the ‘why’. In this first episode, you’ll learn why cash flow should be a top priority for your business.
This Masterclass took place on 20th August 2021. If you couldn’t join us on the day or you’d like to listen again, you can catch the recording on our Youtube channel.
Tide masterclass: Why it’s crucial to have your cash flow under control
For this Masterclass, Valentine from our team is joined by Philip King, former Small Business Commissioner and Tide Cash Flow Expert.
Here’s what they discussed:
- Why cash flow is a sink or swim issue
- Why badly managed cash flow is a risk
- The effects of late payment on a business and how to avoid this
Episode 1 takeaways
- Watch it
Never take your eye off your cash, monitor your bank balance daily and set an alarm to remind you to do so.
- Manage it
Find a tool that works for you like Tide Cashflow Insights and use it.
- Talk about it
Discuss payment terms with your clients from Day 1. Make payments a key part of your business cycle.
Our other events
Tide’s mission is to help small businesses. We make your financial admin easier so you can spend more time doing what you love. Our events are just one of the ways we support you and your small business.
In the sessions – currently happening online – we gather experts, often Tide members themselves, to share insights and practical advice you can put into action straight away.
To find out about upcoming events and the next episodes of the series, take a look at our list of events.
You can listen again to these live events:
- Listen again: A conversation about reopening with The Float Spa (Instagram Live)
- Listen again: A conversation about mental health with High Definition You (Instagram Live)
- Listen again: A conversation about reopening with The London Refinery (Instagram Live)