I’m a business owner and I’m having trouble with my cashflow. Can you help?
Most businesses have cashflow issues at some point in time but there are simple processes you can put in place to help prevent it:
- Forecast – keep a simple spreadsheet listing income and costs for the next 6-12 months
- Keep on top of payments – invoice promptly and chase payments
- Efficient stock management
- Keep an eye on profit and if your business is losing profit, identify why this could be
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