Cash flow management is a crucial part of running a business. Keeping track of your outgoings and income can help you understand your business’s cash flow pattern, and identify potential gaps early on. In this case, maintaining healthy cash flow levels comes down to a simple rule: reduce your expenses or increase the money coming […]
For many years there have been complaints that the bank cheque clearing system is antiquated. With electronic transfer readily available to business owners, there have been calls for the phasing out of the cheque book. Payment by cheque has been declining for a while, partly due to the changes to bank cards a number of […]
A few weeks ago I wrote about five traps business need to avoid in order to succeed. In my blog today I want to talk a bit more about one of those particularly insidious traps. I want to talk about cash. Cash is the lifeblood of any business and the lack of it is the […]