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Discover the immediate financial needs of a business, focusing on working capital components like receivables, inventory, and payables, as well as the vital aspect of cash management. Gain practical insights into forecasting cash flows, balancing the mix of short-term and long-term financing, and understand common pitfalls like overtrading and overcapitalisation. Delve into strategies for maintaining liquidity, ensuring operational stability, and optimising financial returns by managing the day-to-day finances effectively.