Christmas is nearly upon us. In honour of the festive season we have put together our very own Simply Business advent calendar. Each day we will be offering a new business tip - so keep checking back!
Tip 2 - Concentrate on cashflow
Cashflow is king in every business. It doesn’t matter how profitable your activities are – if your cashflow is not sustainable your firm will be in jeopardy.
You should keep referring to your cashflow forecasts to determine whether or not you are on track. You should also consider whether your finance arrangements are helping you maximise your casflow. Often, flexible finance solutions like overdrafts or invoice finance are more effective than conventional loans for this purpose.