Happy 2016 and I wish you all the best for a successful business year.
Unfortunately the start of a new year is generally followed by cash flow problems. We all at some time have experienced our customers paying us later, down time for us chasing our debtors, and possibly this brings about late payment to our suppliers. NOT GOOD IS IT?
A few tips that you may want to consider, is looking at where your cash flow has been trapped.
# Did you purchase a lot of stock in preparation for the Christmas sales that your business has paid for, but are yet to still sell?
# Did you invoice all your customers prior to taking time off at Christmas time?
# Did you potentially purchase the wrong assets for your business that aren’t helping you to produce income?
# Did you pay your suppliers early thinking to take some new year pressure off?
Put simply cash flow is Money In and Money Out, and delays in Money In and poor decision on Money Out can be the cash flow killer to most businesses.
There is no use grumbling about it, you need to review your business position and get your cash flow moving again and forward plan for next year so that you don’t have the same problem.
New Year New Focus. Let us power your business to the next level!
