Cash is not profit and vice versa
You can be a super profitable and not have cash to reinvest in your business or cover payroll. You are not alone! Here are some tips on how to improve your cashflow
You can be a super profitable and not have cash to reinvest in your business or cover payroll. You are not alone! Here are some tips on how to improve your cashflow
Cash is the lifeblood of any business. Even profitable businesses can and do fail because of poor cashflow. What’s important is that you understand your key cashflow drivers.
We all know that positive cashflow is the beating heart of any successful business. And with so many external pressures on your cash right now, it’s important to have one eye on the future.
Identifying your financial risks and implementing mitigation strategies is key to surviving economic downturns. After all, if you keep doing what you’ve always done, you won’t keep getting what you’ve always got - you’ll get less.
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