Cash Management principals during Uncertainties

This course delves into the strategies necessary for managing cash during periods of uncertainty. Participants will learn to understand their financial situation, forecast cash flows, and create resilient financial plans that can withstand disruptions. Topics include understanding the sources and impacts of financial uncertainty, managing cash reserves, and employing strategic measures to optimize cash flow. Techniques such as cash pooling, effective collection practices, and cost management strategies like zero-based budgeting will be discussed.

By the end of this course, you'll have the confidence to make informed decisions that safeguard your financial health during periods of uncertainty, using techniques such as factoring, inventory sales, and strategic use of credit. Whether you're managing personal finances, starting a new business, or steering an established company, these insights will be invaluable.

Why you should Attend

In the face of uncertainty, managing cash flow effectively becomes a survival skill for businesses. This course, designed for both personal finance management and business financial strategy, provides deep insights into navigating financial uncertainties. You'll learn how to assess and adjust your cash balances, understand cash burn, and make strategic decisions to optimize income and control expenses.

The interactive sessions cover a range of practical strategies, including scenario planning with worst-case, realistic, and best-case scenarios to help you prepare for and react to various financial outcomes. You will also learn how to enhance your income streams and reduce or defer expenses to maintain liquidity.

Moreover, the course provides a comprehensive understanding of how to apply historical financial trends to current situations and how to pivot business models if necessary to respond to changing economic environments. From understanding the impacts of economic disruptions on your cash flow to implementing robust financial plans that mitigate risks, this course equips you with the tools to ensure financial stability.

Areas Covered in the Session

Identifying and responding to sources of financial uncertainty.
Determining current cash balance and understanding cash burn rates.
Estimating income and expenses under normal and disrupted scenarios.
Strategic ways to increase income and reduce or defer expenses.
Scenario planning: worst-case, realistic, and best-case financial planning.
Real-world practices in cash management, including receivables and payables management, inventory sales, and credit use.

Who Will Benefit

Individuals Managing Personal Finances.
Entrepreneurs and Business Owners Starting New Ventures.
Financial Officers and Managers in Established Businesses.
Professionals in Financial Planning and Analysis.

Speaker Profile

Manish Gupta is not only a passionate educator but also a seasoned professional in the fields of finance, business, and hospitality. His career includes substantial roles in various organizations, providing him with a rich blend of real-world experience and theoretical knowledge.

As a Visiting Lecturer at Geneva Business School, Manish excels in teaching MBA subjects, skillfully bridging the gap between academic theories and their practical applications in business and finance. His expertise in Financial Management, Accounting, and Corporate Finance is particularly noteworthy.

At eHotel Management School, where he is the Founder and Lead Instructor, Manish imparts wisdom in Digital Marketing and Hotel Management. His unique approach combines his extensive industry experience with his educational background, offering students practical insights into the hospitality sector.

Manish's teaching philosophy centers around making complex subjects accessible and engaging. His dedication to student success is evident in the way he tailors his courses, ensuring they are relevant, insightful, and inspiring for aspiring professionals.