Improving your cash position brings opportunities and reduces business risk. In the absence of equity and debt financing,alternative cash-flow management strategies can make a positive difference. These ideas will not apply to ALL businesses but perhaps there are some you can implement.
Read MoreTopics: Business Improvement, business continuity planning, managing business risk covid-19, cashflow
It's not obvious that you HAVE TO extend credit terms to your customers. If you do, negotiate terms which are favorable to your business so you get earlier access to cash. A small change can make a big difference. Watch this short video for more on this topic.
Read MoreTopics: Debt Management, business continuity planning, businessresilience
Watching businesses deal with recent business conditions reveals that some are struggling for survival while others are ‘going gangbusters’. Businesses at both of these extremes share one priority… which is to carefully manage cash.
Read MoreTopics: business continuity planning, managing business risk covid-19
As accountants, we want our clients to build resilient and successful businesses. That means overcoming the challenges and pursuing the opportunities presented by current market conditions. Leaders of resilient businesses ensure they understand their market, especially the customers and competition.
Read MoreTopics: Business Improvement, Business Planning, business continuity planning
As accountants, we strive to help our clients build resilient and successful businesses. In the current business environment, there are both challenges and opportunities.
Topics: Business Improvement, Business Planning, business continuity planning