It’s important to remember that profit is not profit until it winds up in your bank account. And this begins a long time before it actually arrives in your account. It takes planning, discipline, and management. Before you start, consider these tips.
- Develop a business model which will generate cash
- Improve working capital efficiency by reducing debtors, stock and work in progress
- Forecast cash flow required for your business
- Regularly monitor your cash position
- Ensure liquidity
If you’d like to talk about your current Cash Flow, contact us here.
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