How well do you control the cash flow of your business?
Even the most profitable businesses can perish if there is not good control of cash flow.
What is the point of having a growing business with high profits if your customers don’t pay you on time?
With the best will in the world a company can’t carry on trading if it runs out of money.
Many people make the mistake of thinking that they can ignore cash flow and that as long as they concentrate on the profit then the business will be successful. Sometimes a growing business can fall into the trap of not having enough working capital to bankroll the growth of the business, having to pay out to staff and suppliers long before money comes in from customers.
It’s important to carefully plan and monitor cash flow to make sure that your business is financially sound, able to pay its debts as they fall due and able to afford to invest in the future if you have plans for growth.
There are various ways in which you can get better control of the cash flow of your business and we can help with this. If you are interested in having a chat about this why not get in touch?
I work with Val and beyond the Numbers, because they are exactly that..more than just the numbers. They work hard to understand my business, understand the business needs that are unique to me. They then shape the support and service around those needs.
What I particularly like is that they are up for doing all sorts of support, from basic book-keeping, through to strategic challenge and insight. Trusted partners.
Martin Ewart, Bigwheel Leadership Ltd
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