16/05/2024
your cash flow. 💸
Picture this. A small business’s sales are growing 📈, but they are often short of cash 💰. It’s not an unfamiliar situation for us to come across with new clients, and our approach is to review the cash flow where we will typically identify things like high stock levels and loose payment terms.
Here’s what we would do:
✔ Implement just-in-time stock management
✔ Change credit terms and improve credit control
✔ Set aside cash from peak sales periods to create a buffer.
The result? Improved financial stability 📈 and better decision-making. 🤔😊
Better cash flow management will drastically improve your financial stability, your need for emergency cash and give you more opportunity for growth - as well as better risk management.
Please share if you have found this helpful!
