Maintaining a healthy cash flow is crucial to your business's survival and growth. Yet, many businesses struggle with cash flow issues, which can have devastating consequences.
If there’s one figure you know in your business, I expect it’s your bank balance. And it’s a pretty important one. But alone it doesn’t really give you any information about what’s happening in your business
As a business owner, late payments from clients and customers can be extremely problematic. As well as disrupting your cash flow and threatening the financial health of your enterprise, late payments cause a lot of hassle and headaches. Fortunately, however, there are steps you can take to ensure that clients pay their invoices in a timely manner.
One of the best planning tools you can use in your business is a budget. It is a powerful tool to ensure the financial health of your small business.