Maintaining positive cash flow can be challenging for small businesses, whether you’re just starting out or have been running your business for years.
There was a time in business where Cash was King, sadly that time is coming to an end as the Government looks to introduce new measures that could potentially see criminal penalties for cash payments or receipts above $10,000.
Steady, reliable cash flow is crucial for the survival of any small business – so taking steps to ensure your customers pay promptly should be a key priority.
If you need a car to operate your business, you may wonder whether it makes more sense to purchase or lease.
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. This is where cash flow forecasts come in.
What exactly is profit in a business? This article shows you how to avoid three common profit mistakes that can seriously affect the success of your business.
Sales and profit are two very different things – as a business owner, you can find yourself without the cash to pay bills despite making sales you knew were profitable. You may also be startled to discover that strong cash flows from sales deliver little profit.
It’s important to identify and monitor the key drivers of your small business to boost profitability and cash flow.
50% of small businesses report that they suffer from cash flow stress, and this is often because of poor cash flow management. Most often, these businesses don't understand the drivers of cash flow.