This week James Kennedy meets Colin Hewitt, CEO and Co-Founder of the cash flow forecasting app, Float. They explore the importance of effective cash flow management and how technological innovations like Float are revolutionizing this critical area.
About Colin Hewitt: Colin Hewitt transitioned from agency owner to tech entrepreneur, driven by his experiences with the challenges of cash flow management. His app, Float, is an award-winning tool designed to enhance the financial clarity for small businesses by integrating with popular accounting platforms and providing dynamic, easy-to-use forecasting features.
What You’ll Learn:
- The Importance of Cash Flow Forecasting: How accurate projections can significantly impact a business’s ability to plan and execute strategies effectively.
- Innovations in Financial Tech: Discussion on how Float helps businesses navigate financial uncertainty through scenario planning and budgeting features.
- The Rise of the Fractional CFO: Insights into why Colin has declared 2024 as ‘The Year of the Fractional CFO’ and how fractional roles are becoming crucial in modern business environments.
Episode Highlights:
- “Colin, how did your own challenges with cash flow in your previous business lead to the creation of Float?”
- “What are the key benefits that Float provides to CFOs and finance teams?”
- “Can you explain the criteria businesses should consider when looking for the right fractional CFO?”
More about Float: Float simplifies cash flow forecasting, replacing traditional spreadsheets with a visual and interactive dashboard that predicts future financial scenarios. This tool supports businesses by providing clear insights that help make informed decisions to steer clear of potential cash pitfalls.
The book mentioned by Colin: The e-myth by Michael Gerber
