Cash flow is the lifeblood of a business. One of the greatest challenges for any entrepreneur is accurately predicting cashflow. Controlling your companys finances requires an understanding of financial and accounting basics. In this discussion thread, you will discuss how you will manage your business finances. Based on your reading and research regarding small business finances, address the following:

FOR REFERENCE MY COMPANY IS A COFFEE SHOP

What is your strategy for bookkeeping? Assess your knowledge of bookkeeping and provide specific steps you will take to understand and control your companys cashflow. Consider your education, technology, professional services, etc. What is your expected net profit for the first year? Provide a pro forma (anticipated) income statement with your predicted revenues and expenses. Where did you get the numbers you used for this statement? Discuss how cash flow determines your companys ability to grow and mature.