You need CASH FLOW to live, …….. run your business and…… pay for the things in life you value, which by extension includes all of the peeps living in your home. This is a reminder, in challenging times, to keep on top of your cash flow planning. People generally view cash flow incorrectly, because they […]
Cutting costs can be a quick and easy way to improve the profitability of your business. Introducing cost-control measures can bring immediate savings and ensure you remain profitable in the long term.
Most business owners immediately think of the bank or loans when they’re short of money. But there are many more resources you can tap before you ask for that expensive overdraft or for an overdraft extension.
At some point in its lifetime, every small business suffers from cash flow problems. The trick is to think ahead and figure out when these problems are going to arise so you don’t have to unexpectedly postpone a purchase or hurriedly seek out additional finance.
Use the cash flow forecast template to compile a document that you can continue to use to measure your business’s health and progress.
If cash is the lifeblood of a business, the cash flow forecast is like a heart rate monitor.