This week we're sharing Part II of our video series on how to communicate with your bank, financier or investors, and what pieces of information to share, if you’re looking to secure funding in the current environment.
The goal is to ensure your financier has a clear understanding of how your business is tracking, so they can feel confident in supporting you.
Last week we focused on profit and loss information. This week's video details the critical elements of working capital you need to share with your financier.
Use our resources to help you plan for the future
Over the past few weeks we’ve published a number of blogs and resources to help business owners undertake business and scenario planning during this challenging time.
These resources – including our Scenario Planning Guide – can all be found under the ‘Our blog’ tab on the JPAbusiness website. We also consolidated the resources into a presentation format to show you how they tie in together and can be used in your business.
If you would like advice or assistance in developing a business and financial forecast to share with your financier, please contact the JPAbusiness team on 02 6360 0360 or 02 9893 1803, for a confidential, obligation-free discussion.
James Price has over 30 years' experience in providing strategic, commercial and financial advice to Australian and international business clients. James' blogs provide business advice for aspiring and current small to mid-sized business owners, operators and managers.