Five Cash Flow Mistakes that Could Sink Your Business!
Sinking Ship Photo by Jason Blackeye on Unsplash

Five Cash Flow Mistakes that Could Sink Your Business!

Nicki Kinton MCICM (Grad) Nicki Kinton MCICM (Grad)

Nicki Kinton MCICM (Grad)

Reducing late payments and improving cash flow for growing businesses. Developing strong credit management processes to mitigate risks, improve the bank balance, and support business growth.

发布日期: 2020年2月5日
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The harsh reality is that, in the UK, four in ten businesses don’t make it to five years!

The main reason for this…. cash flow. Two small words that can have a massive impact on your business. In fact, according to the Office of National Statistics, cash flow is responsible for up to 90% of business failures.

Accounting software provider Xero says; “of the 50,000 businesses that fail each year due to cash flow issues some 65 per cent of these blame access to funding. Quite often the working capital they need is tied up beyond their reach with late paying customers.”

So, what sort of mistakes can lead to late payments and eventually to cash flow problems?

To look at the five most common click here

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