In this episode we look at the importance for founder of forecasting your cashflow and cashplanning.
Thomas is the founder of Cashplannr, which he launched after a previous venture, where he noticed there was money coming in, but he didn't have the liquidity to pay his invoices on time.
We talk about the need to know -and have- a long enough runway for founders, and that the foundation is financial planning.
3 elements are crucial for Thomas:
1. Implement a real-time financial system
2. Engage in regular scenario planning
3. Compare your actuals with forecasts, to steer your business effectively.
Enjoy this episode!
