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Christmas time is right around the corner, and for businesses, especially small ones, it means a lot of financial matters need to be taken care of. Dealing with those cashflow issues by keeping super entitlements of your employees is not the best option for you. In order to avoid cashflow...
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Positive cash flow is crucial for any business’s financial success. If your cash flow is in a poor condition, your company is in a major trouble. There are a lot of tips and methods on how to improve poor cash flow, and most of them hold good advice in them but are usually incomplete. So, here is...
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A cash flow forecast is a vital tool to predict any cash flow shortfalls. They help you mitigate risks and avert a crisis by raising funds through short-term bank loans, asset sales, refinancing and equity financing. You can also consider borrowing from friends and family, using your own funds or...
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Having and implementing a good cashflow plan means that you’ll have a clear understanding of what money comes into your business and how much money goes out of it. A lot of entrepreneurs lose track or fail to maintain a cashflow management plan due to focusing on other aspects that may seem more...
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Daily administrative tasks like creating and sending out invoices, and chasing customers that have conveniently forgotten to pay you, can take up an enormous amount of time and resources in your business. They can also become very mundane and placed at the bottom of the to do list or too hard...
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Dealing with Problem Debtors Poor debtor management can have a huge impact on your business. If your cash flow is being controlled by your debtors then you need to take back that control. If you are having problems with your debtors here are some strategies that may help to get them to pay their...
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When I discuss cash flowDo Things Differently If things are a bit tough, query all expenses. When I have clients who are really struggling, I get them to ask the following two questions when it comes to expenses: Is this expense critical in getting more sales? If it is pay it. If not, ask the...
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