Business Plan Flashcards
1
Q
What does SWOT stand for?
A
Strengths
Weakness
Opportunities
Threats
2
Q
Cash flow
A
We forecast cash flow so we for times when the cash flow is short
3
Q
Estimates
A
Is looking into the future so we can use estimates to guess what the cash flow will be.
4
Q
Receipts
A
Cash the business gets in
5
Q
Payments
A
Cash the business spends
6
Q
Receipts - payments =
A
Netcash
7
Q
Netcash + opening cash =
A
Closing cash
8
Q
Net months opening cash =
A
Closing cash from previous month
