Cash flow is critical for any business, and we often hear that ‘Cash is King’. There are lots of reasons for businesses to face cash flow issues, but that is the time when the business can grind to a halt. Even now, surprisingly, I speak with business owners who fail to understand that profit and cash flow are different but this can, and has, produced dire effects whereby businesses can secure a major contract but never get to fulfil it because they run out of cash and are forced out of business!
Category: business growth
Growing your business- Risk vs Reward
Date: March 2016, Category: business growth, Author: Dan Lewis
Growing your business – balancing risk and reward
I often have conversations with business owners about growing their business. They ask my advice as to whether they should go slow and steady by reinvesting profits and borrowing a little when needed, or should they max out their borrowing to expand the business more quickly?