Hi there fellow business owners,
Have you ever wondered why your business struggles with cash flow, despite making a profit? In a recent webinar, I broke down the Business 101 Cash Flow Cycle to help you identify the key factors impacting your cash and profit.
Here are three crucial insights:
1️⃣ Invest Wisely:
Business assets are essential for generating profit. But unchecked overhead expenses can drain these gains—keep them in check!
2️⃣ Minimise Cash Drains:
Slow debtor collection, excessive stock, and high tax obligations can eat away at your cash flow. Speed up collections, manage inventory, and optimise payment terms with suppliers.
3️⃣Reinvest or Withdraw Strategically
Maximise leftover cash by reinvesting for growth or funding your lifestyle, helping you achieve cash flow freedom.
Need help improving your cash flow?
Watch the video here where I talk about Cash Flow Struggles
Mick
I’d love to help you achieve your business dreams, please don’t hesitate to contact me;
07 5646 4050
mick@ignitionaccountants.com
Book a call for a complimentary Proactive Accounting Meeting to discuss your accounting profitability
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