5 Solutions To SME Cash Flow Problems

5 Solutions To SME Cash Flow Problems
Implement these and you will achieve FINANCIAL PEACE!
  • Prepare a 13 weeks cash flow budget, this is a forecast you don’t know the future exactly including timing of receipts hitting your bank account, so be conservative!
  • Include everything including all taxes and your salary or personal drawings, be honest
  • Update your Cash Flow budget weekly, record the actual banking and payments for last week and add a new week 13 forecast. This is called a Rolling Cash Flow
  • Review your Rolling Cash Flow weekly together with your Financial Controller or inhouse Accountant/Bookkeeper
  • Make the necessary adjustments to your cash flow to stay within your bank account limit. This may include deferring some payments, making payment arrangements, etc
  • Focus on fixing the 3 biggest root causes
  • Determine the right strategies to remedy each of these 3 root causes
  • Take Action NOW

The 5 Pillars of a Healthy Business are as follows, you need to score 7 out of 10 for all 5 Right Numbers

  • Right People
  • Right Processes
  • Right Business Model
  • Strong Growth
Call your local office now for a No Cost, No obligation meeting.
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