cashflow problems

Solving Your Cashflow Problems and Keeping Your Business Out of Trouble

Solving Your Cashflow Problems and Keeping Your Business Out of Trouble

Most companies at one time or another will experience a bump along the financial road – those that deal with it best are those that tend to look beyond just next month’s salaries and actively manage future cash requirements by having a good understanding of how the next few month’s trading will impact cashflow. The best and most obvious way of doing this, is by producing cashflow forecasts and regularly updating them. Not too many directors/owner managers are qualified in the art of producing such information, but everyone in business should have some basic understanding of the monthly costs being incurred. How to produce a cashflow forecast With this basic information and knowing roughly what the likely sales will be over the next three months, it is extremely simple to put together a bas... »

Small Business Survival Rates Reach 10 Year Low

Majority of small businesses fail to survive over five years with 55% stating it has never been more difficult to grow in the UK New research has declared 55% of small and mid-sized businesses are failing to reach the five year mark; with 68% finding it difficult to grow their business due to bank lending, tax breaks and business rates barriers. The research, released by insurance broker RSA, revealed that despite an overall improvement in the economy, business survival rates have decreased since 2004 with the construction industry performing the worst (survival rate of 44%) followed by the health sector (56%). The report, titled Growing Pains, also looked at business growth potential and identified the leading barriers to it. 61% of small and medium-sized firms lack confidence in their bu... »