A trap that causes many businesses to go broke, while they’re making a profit
There’s a saying in business, “You can go broke making a profit.” And
another, “Cash is king. Profit is theory.” As you know only too well, you don’t pay rent, meet payroll or pay your bills with profit. You pay them with CASH. Cash flow
crises can often be averted. They can be predicted, planned for, and then contingency measures put in place.
In this blog post Anne Stephenson talks through common cash problems in business, how you can sleep better at night and what a cashflow forecast will mean for you. We also created a document outlining the top 10 ways you can improve cashflow within your business.