Author at Dynamic Business
Cash flow is the lifeblood of any business. A decent cash flow allows a business owner to pay staff and suppliers, meet their tax office obligations on time and deal with operational expenses – as well as making money for the shareholders and providing the funds needed to grow. Despite this, it’s frightening how many […]
Economically things are going up, but the wholesale industry still has challenges leading up to Christmas with managing cash flow. So how can businesses keep the cash flowing this Christmas?
Twelve tips for a cash happy Christmas On the first day of Christmas: review your invoicing procedures and ensure that your invoices are issued immediately goods are shipped. On the second day of Christmas: update your cash flow projections to anticipate any Christmas shortfalls. Sales activity usually leaps 30 per cent. On the third day […]
We have all heard the saying, ‘cash is king’, but when it comes to running a business ensuring you have sufficient cash to pay staff, GST obligations, debtors and other operational expenses is crucial to maintaining the ongoing viability of your business.
The number one reason businesses fail is bad management. Stock control is a vital issue that tends to be overlooked. Inventory management is important so your business knows exactly what’s coming in and what’s going out.
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