Make Long-Term Cash Flow Projections for Your Restaurant
By David Scott Peters
Restaurant Tip of the Week
Once you get in the habit of projecting your cash flow on a monthly and even a weekly basis, you’ll start to see trends and be able to project further out than just the month ahead. When you project your cash flow for the long term, you become able to:
1. Determine the need for long-term financing of new units and loan repayment
2. Determine at what point the restaurant might run out of cash
3. Show the relationship of capital to debt
David Scott Peters is a restaurant expert, coach, trainer and speaker, specializing in teaching independent restaurant owners how to use systems for increased sales and increased profits. He is the nationally acclaimed restaurant coach whose unique “SMART Systems” approach to boosting profits has earned him the title of, “The man who can walk into any restaurant in America and find $10,000 in undiscovered cash before he hits the back door – Guaranteed!” Visit www.TheRestaurantExpert.com for more. Learn more tips, tricks and secrets in David’s free five-part e-course, “How to Explode Your Restaurant Profits NOW!” Simply sign up to receive the e-course at TheRestaurantExpert.com.