July 25, 2024

Mastering Cash Flow Forecasting

On this episode of the Gross Profit Podcast, James Kennedy sits down with 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.
The Gross Profit Podcast
The Gross Profit Podcast
Mastering Cash Flow Forecasting
Loading
/

Show Notes

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:

  1. The Importance of Cash Flow Forecasting: How accurate projections can significantly impact a business’s ability to plan and execute strategies effectively.
  2. Innovations in Financial Tech: Discussion on how Float helps businesses navigate financial uncertainty through scenario planning and budgeting features.
  3. 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

The Gross Profit Podcast

More Episodes

Merushka Chetty

This CFO’s Strategy Saved a Failing Business

In this insightful episode of the Gross Profit Podcast, we sit down with Leonard Fom from FinOps Squad to explore the transformative power of a fractional CFO. Leonard shares a compelling story of how he helped a business restructure its debts, leverage its network for investment, and move from stagnation to expansion.

We also delve into Leonard’s experience at the World Finance Forum, discussing the latest trends in AI and the evolving role of finance leaders. Don’t miss Leonard’s inspiring journey and the practical strategies he shares for driving business success.

Listen Now »
Merushka Chetty

The Hard Truth About Starting Your Own Business

In this episode of the Gross Profit Podcast, James delves into the journey of Eric Reinacher, owner and CEO of Sentinel Finance Group.

Eric shares his experience transitioning from being a fractional CFO in California to starting his own business in Kansas City. They also discuss key insights such as protecting your equity while obtaining funding, and the balance between revenue growth and business efficiency.

Tune in for a detailed look at the dynamics of starting anew, managing client relationships, and strategic financial planning.

Listen Now »
Merushka Chetty

What Most Business Owners Get Wrong About Pricing

Join James as he sits down with Harriet Formby from Below the Line Finance for an animated discussion on the book ‘Profit First’ by Mike Michalowicz.

Harriet, a fractional CFO and business mentor, shares her valuable insights into how the ‘Profit First’ methodology can benefit entrepreneurs, why it may not always work, and the hidden operational inefficiencies to be mindful of.

Don’t miss this episode packed with actionable advice and deep dives into the world of finance and profit management!

Listen Now »