Requesting payment

July 17, 2023

Requesting payment of overdue accounts in an economic slowdown

Cash has always been king but it’s even more important during these times of economic slowdown. The slower the economy, the less cash is available in businesses, and the more likely it will be for some customers to be unable to pay. To protect your business and minimi...
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Your Cash Lockup

July 4, 2023

Your cash lockup - the first cause of poor cashflow

There’s a massive difference between profit and cashflow. Profit increases when you create an invoice for work you’ve done or goods you’ve sold; cash increases when you bank the money. Your lockup equals the cash that isn’t in your bank account because it’s ei...
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Profit and Cash

June 23, 2023

Keeping your business cash liquid – the difference between cashflow and profit

The foundational goal of any business is to make a profit. As a business owner, that’s one of your key financial aims – to make enough sales, at a big enough margin, to generate profit from your work. But how does profit differ from cashflow? And why is cash king?...
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Profits or cashflow?

October 17, 2022

Should I focus on profits or cashflow?

Making a profit is at the heart of running any successful company. But should profits be the only financial focus if you're looking to create a stable, long-term business? Cashflow is the beating heart of your business. Without an even and predictable flow of cash into the c...
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A budget makes managing projects easier

If you want to stabilise your finances and grow the business, working to strict budgets becomes a necessity. Managing the cashflow twists and turns of a project can be hard work. But it’s easier to do when you have an agreed budget and can track your spending and performan...
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You want your cash to flow not leave the business like a waterfall.

Cashflow planning is critical to survival and growth in any business. Setting cashflow targets will enable you to predict large cash outflows and respond to changes in your business. Looking ahead with confidence and putting in place cashflow maximisation strategies is key t...
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Cashflow Freedom

February 21, 2022

The 7 causes of poor cashflow

Cash is the life blood of any business. In fact, even profitable businesses can and do fail because of poor cashflow. What’s important is that you understand your key drivers of cashflow. Improving cashflow is often all about changing your business's processes, for example...
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Projecting your cashflow pipeline forwards during recovery is vital.

To be able to navigate the future path of your cashflow, you need to start forecasting – so you can map out your financial position over the coming months and can take the appropriate action to safeguard your cash position. Plus, when you have access to detailed forecasts ...
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