Unless your business can manage cashflow effectively and uses regular cashflow forecasts, your company is in jeopardy. US bank study found that 82% of business failures is due to poor cash management.

Tips for managing cashflow effectively:

- Starting Point - review financial statements and make a plan.

- Identify any trends in cash receipts and expenditure

- Optimize cash from operations - 3 levers revenue, margins and working capital

- Cash for business growth - how will you fund growth?

- Build business cases for growth to understand the impact on cashflow

- Sources of cash - Operations, debt or equity each has risks & opportunity

Make a plan and execute

Cashflow shortfalls can result in:

- You can't pay suppliers on time

- You can't make debt repayments on time or at all

- You can't buy inventory to meet customer demands

- You can't pay staff

- You can't compete for new contracts

- You can't advertise to attract new clients

- You can't hire new staff

Keep on top of your cashflow, ACE Finance Directors are financial experts with substantial experience of cashflow management,  supporting you and your business scaling rather than falling victim to the shortfalls above.