If you own or run a business, you know what cash flow is, and why it’s important.
Wages, super, bills and tax obligations – none of these can be paid without cash flow.
It also allows the business to grow! Hiring more staff or increasing inventory requires capital expenditure – so having money on hand makes this much easier.
But, are you across the best practices for managing cash flow?
The process involves a number of steps.
We analyze your financial information, comparing it to your industry’s benchmarks and highlight areas for improvement.
This includes a review of:
We prepare a Cash Flow Budget based on your current position. Then we will run various scenarios through our forecasting software to develop relevant KPI’s and the right action plan to improve your cashflow.
We then discuss the steps that your business needs to take to implement the improvements.
We don’t stop there – we assist you with the implementation and help you to overcome any roadblocks that may hinder progress.
Once fully implemented, the result that can be expected is – a bank balance that is going UP – and stress levels that are going DOWN.
After reviewing the client’s financial position and comparing it to the industry’s benchmarks, we developed a plan. It included:
These were used to implement a Cash Flow Budget, which resulted in just under $3M of freed-up cash flow allowing the business owner to continue expanding the business.