Float’s CEO Talks to Mint About Cashflow Forecasting
Both Mint and Float provide cashflow analytics for current and future cash positions, but ultimately have different and complementary uses: Mint focuses on personal finances while Float sticks to business finances.
As more cash management tech for non-accountants becomes available, increasingly more business owners and individuals have started taking a front seat in their finances. And it’s easy to see why.
Software like Mint and Float allows you to set budgets and sales targets, compare them to actuals, and test scenarios. They also provide beautiful visuals, so you’re armed with the knowledge to plan your spending wisely and avoid unwanted cashflow surprises.
Forecasting not only gives peace of mind so you can see potential cash shortfalls, but also helps ensure you’re effectively putting the cash in the business to work, rather than sitting on it because you’re afraid to spend.
– Colin Hewitt, CEO, Float
As part of their Expert Interview series, Mint recently interviewed Float CEO Colin Hewitt.
In the interview, Colin talks about why forecasting is so important for small business owners, when it’s time to handle finances yourself or hand the reins over to a financial advisor, and reveals his best money management habits for small business owners to develop.