Absolutely. If you’re worried about your cash position or wondering whether you’re going to be able to pay your bills later this year, then it’s time to do a cash flow and profit plan projection. Creating a projection will help you develop a profit plan and cash budget forecast that will help you make sure you keep enough cash on hand to pay bills, meet payroll, and plan for one-time expenses such as equipment purchases or tax payments in coming months. Ultimately, it will help you sleep better at night. If you haven’t already, make an appointment to work with an SBDC advisor on these crucial steps.