From the course: The 45-Minute Business Plan
Unlock this course with a free trial
Join today to access over 23,400 courses taught by industry experts.
Cash adequacy protection plan
From the course: The 45-Minute Business Plan
Cash adequacy protection plan
- Cash Adequacy Protection Plan. What happens if the economy turns or how will seasonality impact the revenue? This is a question you'll want to have addressed before it happens. So this section is really a very simple paragraph to explain your plan to offset the lean times. So you could say, ABC LLC has a separate bank account specifically set up for this purpose and receives a monthly deposit as it's outlined in the proforma. You may even write in the operating agreement of the company that a separate account cannot take a withdrawal without two-thirds vote of the executive team, which showcases your thoughtful management of finances.
Practice while you learn with exercise files
Download the files the instructor uses to teach the course. Follow along and learn by watching, listening and practicing.
Contents
-
-
-
-
-
-
-
(Locked)
Types of financial plans37s
-
(Locked)
Opening statement46s
-
(Locked)
Short term1m
-
(Locked)
Intermediate term1m 6s
-
(Locked)
Financial risk management1m 8s
-
(Locked)
Cash adequacy protection plan38s
-
(Locked)
Management succession plan40s
-
(Locked)
Long term43s
-
(Locked)
Startup summary1m 47s
-
(Locked)
-
-
-