All businesses across all sectors are dependent on cash and cashflow is vital even if you are profitable and have a great business model.
One in five business owners indicate that cashflow issues are the norm rather than the exception so if you find yourself struggling then you’re certainly not alone.
Cashflow problems often happen gradually but the results can be dramatic. You cannot trade if you don’t have the funds to pay your staff and you cannot trade if your suppliers stop supplying you due to you not paying them. Things can go from bad to worse.
There are many different issues that can cause cashflow problems but so long as you have a profitable business these can all be solved.
We can help and advise you in various useful ways including:
So if you’re one of the many small business owners who experience cashflow difficulties from time to time you can see that there are many things that can be done to overcome the problem.
Make sure you don’t bury your head in the sand and hope things will get better.
Take action, focus on 1 or 2 key areas initially and remember that we are here to help when it’s needed..