One of the biggest learning curves in business for me has been to grasp working capital. I have spent the last decade really sinking my teeth into it and I am still learning so much.
I can confirm that working capital is crucial to understand and monitor closely if you want your business to survive. Luckily it is also exciting and alive so once you get a grip of it I am sure you will love looking at it daily.
Working capital is so much more than just the cash in your bank. It indicates the history, present and even the future of your business.
In this video I give an overview of working capital.
I make use of MyBI App to demonstrate it. MyBI App automates management accounts and BI using AI technologies.