Even before the pandemic, cashflow problems were among the main causes of business failure. The danger is they can be hard to spot if other financial measures, such as profit, are looking positive.
In many cases the signs aren’t obvious until it’s too late – at which point, you may struggle to pay your staff or bills. To avoid running out of money and prepare yourself for financial shocks, it’s essential to monitor the way your business’s cashflow looks now, and forecast how it might look in the future.
Read our update to find out about:
- how to measure cashflow
- creating cashflow forecasts
- how to improve your cashflow
We have provided a free cashflow tool for our clients to help with cashflow planning. Get in touch with us to access this.