Do you often wonder where all the money goes? Do you struggle to find your quarterly GST or superannuation payment? Do you wonder whether you can afford that new car or that piece of equipment? Does it feel like some week’s your business is going really well and then all of a sudden the future looks bleak because there is no money in the bank? If so, you may be in a cashflow crisis.
If you are a small business, it is vital that you understand and have some control over your cashflow. Most small businesses without this are simply existing week to week and hoping things will just get better. This is not always the best way to live and this is not the way to run a successful business.
Imagine knowing how much you can afford to spend this week because you have budgeted all your costs and you now know what your surplus should be. Imagine knowing that if your turnover is 10% more than last year, you can now afford to put on another employee. Imagine knowing that if don’t move to a cheaper premises you will continue to lose money. These are the decisions that can be made if you have a cashflow management system in place. And it’s not that hard.
All you need is a budget, a cashflow forecast and a cashflow management system to keep you on track.
Contact us today to talk about your cashflow management plan.