The business world is changing. Young entrepreneurs are operating in an entirely different kind of economic environment than previous generations, and the businesses that millennials found reflect that. The reach and efficacy of small businesses have changed profoundly in the last several decades, and today’s small business ecology has different and more nuanced needs than the startups of yesteryear.
It doesn’t take years of experience running a cashflow forecast to understand that it really is just a process of tracking cash in vs. expenses out. There are many tools available to track your cashflow, or you can opt for a simple spreadsheet and manage it yourself.
If you’re going to put time into managing your cashflow forecast, then we believe that one of the most important things you can do is consider upfront how you are going to use the information that you gather. This will help you to understand the value of the time you invest in creating your forecast, and in keeping it up to date. You’ll also recognise the benefit of making sure it’s realistic and simple. Let’s take a look at the ways that you can use your cashflow forecast to maximise its value to your business.
Could invoice finance could benefit your business? Are you confused by what it is, how it works, and who it works well for? Well there’s no need to be confused any more. If you’re in the dark when it comes to invoice finance, then read on. We’ll share everything you need to know in order to understand if it could work for you and your business. Here’s our 360 look at invoice finance.
Cash flow is the lifeblood of any business. It is all about timing – the books and outlook can be good, but many small to medium businesses experience cash gaps between delivery and payment. Slower debtor payments or extended payment terms inhibit a business’s ability to invest, exploit larger opportunities or simply manage day-to-day costs. Read More