Cashflow is key for small businesses

Small business cashflow sins

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Cashflow is one of the things that keeps small-business owners up at night. According to the May 2015 Cloud Readiness Survey conducted by Digital First, over 66% of accounting firms surveyed report that managing cashflow is the biggest concern facing their small business clients. Whether it is a result of customers withholding payment, a change in terms and conditions or suppliers withdrawing credit without notice, cashflow is the life blood of any business.

Sage has partnered with Business Expert, entrepreneur and Managing Director at Portfolio Directors, Emma Warren, to create a helpful whitepaper for small business owners to help manage cashflow. Managing money and cashflow are critical for small businesses and the principles of good cash management are straightforward, so if you can get that right, your business will be in a strong position.

In addition to cashflow advice, the whitepaper also offers insights into boosting profit, how to make money, the best way to ask customers for payment and also includes a checklist of 10 ways to avoid a cashflow crisis.

Cash is the life blood that runs through the veins of every small business and this insightful whitepaper with all of Emma Warren’s expert advice will have you well on your way to avoiding a cashflow crisis and running a profitable business.

Click here to download the full whitepaper.

Brought to you by Michael Smith, Director – Accountants, Sage Software Australia