Let's talk about Cash Flow
Let’s talk about cash flow, one of the most important issues in many businesses…
Are you concerned about future trading conditions? If you are then it’s time to take some time to reflect on where you are and what could happen in the next few months.
Cash flow and business planning in these uncertain times may appear problematic, but there are some practical steps that you can take to minimise potential disruptions to your business:
- Review your budgets and set realistic and achievable targets for the remainder of 2022 and into 2023
- Get your employees involved in a discussion of likely trading conditions and get their input on reducing costs and maintaining revenues
- Review and flow chart the main processes in your business (e.g. sales processing, order fulfilment, shipping, etc.) and challenge the need for each step
- Put extra effort into making sure your relationships with your customers are solid
- Review your list of products and services and eliminate those that are unprofitable or not core products/services
At James Anderson + Co we specialise in helping our clients manage their cash flow, we do this by preparing and updating detailed cash flow forecasts by using the latest and most powerful software.
If you think this is a service that your company would benefit from, please get in touch through our contact page, or give us a call on 0131 440 1373, we’d be happy to help!