This is a good idea anyway, but particularly at a time like this, all businesses need to have an understanding of their variables, whether it is the price of their product falling, the price of inputs rising, or even the lack of availability of some inputs.
SMEs are no exception, for example, in the construction sector, a business owner would need to understand what is the impact if the price of ready-mixed concrete increases by, say, 15% due to supply chain issues.  A forecast cashflow can be constructed to help manage potential cashflow issues, we have a template for this that enables you to test out different future scenarios.  Click here to learn more about why it’s important to evaluate your financials.