Even in more normal times cash flow in any business is the number one priority. When businesses do fail, 82% do so because of negative cash flows. It is vital your business prioritises generating and maintaining cash to survive these difficult times. The coronavirus pandemic has made it hard for…
In business, cash is king. Your business might be doing well and, in the next six to twelve months, you might be expecting to bring in increased revenue and profit. However, if there isn’t enough cash flow to cover company expenses, those potential earnings may not be felt.
With 80% of SMEs failing due to poor cash flow management, ensuring your business has more money coming in that going out should be highest on your list of priorities.
One of the most important aspects of financial business management is the practice of cash flow forecasting. Whilst it may sound like another headache of calculations, the exercise is in fact a simple process that can prove extremely important in the long-run.
