Exploring one of the biggest pitfalls of fast business growth
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It doesn’t matter if you’re expanding your business through a solid growth strategy, or you’re encountering unexpected (and unplanned for) demand for your products and services – this period of change will undoubtedly be an exciting time for you and your stakeholders.
It is not, however, a time to rest on your laurels and assume the challenges of running your own company are over.
They’re not. In fact, they may have only just begun!
From finding the right talent to establishing robust systems and processes to support your new operations, there are so many things to think about when levelling up your organisation. And you need one thing to achieve all your revised objectives: cash. (Often lots of it!)
Maintaining cashflow is one of the biggest problems for businesses that are desperate to invest in their growth, but are beholden to poor payment terms, sub-optimal cash conversion cycles, and less net working capital than they would like. In our latest article, we provide a series of tips on how to manage cashflow through periods of high growth and navigate this corporate metamorphosis with the funds you need to sustain your success. ?