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Cashflow management

Dealing With an Unexpected Financial Blow to Your Business

Remember that unexpected repair or a client didn't pay you on time?Or you lost that big account...read more

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Cashflow management

How To Get Your Money Faster - Without The Hassle

Get Paid Sooner & Boost Your Cash flow Today’s strategy is a no-brainer, but one that can... read more

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Lisa Ormenyessy Business Coach and Marketing Specialist at Straight Talk Group
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Cashflow management

Why cash is more important than profit

Why cash is more important than profit? What does it take to make a success of your small... read more

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Cashflow management

Osteopathy and improving your business

I have had some problems with my neck and the impact was that I was very stiff and sore. I had... read more

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Cashflow management

Increase your cashflow by automating 3 simple daily tasks

Daily administrative tasks like creating and sending out invoices, and chasing customers that... read more

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I love your tips Andrew... simple and doable ... I always tell my clients to make their collection system as automatic as possible and communicate in the reminder emails that it is an automatic system... and once you get caught in the system as a debtor... there is no way out... you will pay and if you don't pay soon, it will cost you more money so you might as well pay up now... nothing person... hey sorry, but it is the machine... once the machine grinds into gear there is no escaping it
Samson PatrickPrincipal at The Diligent Group - Small Business Specialists in Accounting, Taxation, Planning, Legal & Marketing
Concise & very useful pointers - well done Andrew! Totally reaffirms my favorite of all times - Cash is King!
Cashflow management

High profits & about to crash?

High Profits & About to Crash? A relevant question for SME Management. “How important is... read more

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Neil Steggall Partner at Wardour Capital Partners
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Neil SteggallPartner at Wardour Capital Partners
The easiest options would include invoice discounting or factoring and increasingly stock funding. With a good spread of customers 80%+ of invoice value is achievable. American Express have some interesting SME options also. A company we invested in traded with the restaurant industry which is notorious for late payments and defaults. We offered an online account application and in the fine print it stated that the restaurant (client) was trading with AMEX. We received our payments the day after the goods were received by our customer.
Phil JoelDirector at SavvySME
Such a great article Neil. I was in a similar predicament some years ago. All KPI's look fantastic but the debtors were dragging us down and was putting a strain on our payroll commitments. Even though we were making great money on paper, our bank statements just didn't reflect it. Luckily for us, we had a bumper year previously and was able to use the retained earnings to give us a cushion. What are some of financing options are available for SME's with short-term cashflow problems?
Cashflow management

SME's starving for cash

SME’S: Starving for Cash Just how much cash does a start-up need? In my experience the simple... read more

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Neil Steggall Partner at Wardour Capital Partners
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Cashflow management

Five cash flow questions to ask yourself

Written by Danielle Woods Cash flow has and will always be a key area of concern for small... read more

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SavvySME Official Official Account at SavvySME
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Cashflow management

Managing cash flow - 4 steps towards good inventory management

Managing your inventory levels is not the most exciting activity but is nonetheless critical in... read more

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SavvySME Official Official Account at SavvySME
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Cashflow management

Is Your Cash Flow Keeping You Awake At Night?

Christmas is only 10 weeks away! Will you have enough cash in the bank to get you through? Like... read more

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Phil JoelDirector at SavvySME
Awesome tips Andrew. Some of which I haven't tried before. I must say these tips can be applied to businesses of all sizes.
Andrew OldhamOwner at Shoebooks
Thanks Wendy
Cashflow management

Counting Cents – Even Small Fees Add Up

While many may assume that operating a small to medium sized business means that you will mainly be... read more

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Cashflow management

Accountants and Banks need for a Balance Sheet

Balance Sheets – Why do Accountants and Banks ask for them? A Balance Sheet provides a good... read more

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Cashflow management

Cash Or Crash – The Importance Of Managing Cash Flow

One of the keys to being successful in any business is the ability to properly manage the cash... read more

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Tim GreigOwner at Green Galah Pty Ltd
You know Cash is King and many other cliches have been around for ever and for good reason. Cash Flow is critical especially when a business is growing, getting more customers, paying out more in variable expenses- while waiting for accounts to be paid. Unless you're Amazon! The thing is, Cash Flow and Profit ( I believe) should always be mentioned in the same breath. Handling cash flow well as mentioned above will only get you so far unless you are making a profit as well. Or you have an endless supply of Venture Capitalist Angels backing you up. That helps also!
Cashflow management

8 Tips to get paid quickly

As a business, it is important to stay on top of its cashflow and one very important aspect is to... read more

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Phil Joel Director at SavvySME
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Tim GreigOwner at Green Galah Pty Ltd
Good tips Phil. We have a system in place with staged (escalating) calls/emails to ensure we stay on top of things. If you get this stuff right at the start it is never a chore. We teach customers from day one to pay us on time, whatever the agreed terms are. I can't believe (or maybe I can because people have some reals issues about money) how many SMEs let this get out of hand!
John BelchamberOwner & Senior Consultant at Invoke Results
Great tips for all business people, but especially small business who work with larger organisations that like to stretch these things to their limits!
Cashflow management

Cash is King! 7 Tips for cashflow management

For any business, survival depends on continued positive cashflow. In difficult economic times the... read more

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Michael Prior Principal at PB Advisory Group
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Cashflow management

5 mistakes to avoid when forecasting your cash flow?

Here are 5 common mistakes that are easy to make when forecasting Cash Flow for your Business.... read more

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David Henderson Principal at ROCG Asia Pacific
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Cash flow forecasts are also very helpful when considering and applying for finance
Cashflow management

How to keep your business's head above water in an economic downturn

There is nothing fancy to be done, rather a back to basics approach. Here are the top 6 things to... read more

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Craig GarblerManaging Director at Sterling Debt Advisory Pty Ltd
Sound advice. I can think of many things to add but this is great essential advice. I see many clients that have missed these fundamentals. Craig