Business Plan

Question 1

What does SWOT stand for?

Answer 1

Strengths
Weakness
Opportunities
Threats

Question 2

Cash flow

Answer 2

We forecast cash flow so we for times when the cash flow is short

Question 3

Estimates

Answer 3

Is looking into the future so we can use estimates to guess what the cash flow will be.

Question 4

Receipts

Answer 4

Cash the business gets in

Question 5

Payments

Answer 5

Cash the business spends

Question 6

Receipts - payments =

Answer 6

Netcash

Question 7

Netcash + opening cash =

Answer 7

Closing cash

Question 8

Net months opening cash =

Answer 8

Closing cash from previous month