Cash Flow Problems Are Killing SMB Growth: Here Are Five Ways To Safeguard Your Business

I’m always on the hunt for relevant info and I loved this - one of the best articles I’ve seen on this topic for a while. Here are a few paragraphs as a taster...

With business owners almost universally dipping into their own pockets to fund new investments, it is time to start looking at other ways to better manage cash flow.

Forecast, forecast, forecast.

As a business owner, it is important to understand how much cash your business needs to run day-to-day. Outgoings such as rent, bills and staff wages need to be compared to the revenue your business is bringing in. Once you know your budget, you can start to measure results and forecast what you need to stay afloat. Begin by setting cash flow targets and update weekly to get a more accurate outlook for the next six to 12 months.

Pretty valuable stuff, I’m sure you’ll agree! Why not check out the whole article here HERE and share your thoughts with me afterwards: call (0406) 534-233 or email me at [email protected].

Thanks,

Chris