July 4th, 2022.

As a highly developed, market-oriented economy, the UK relies on consumers to spend, with seasonal fluctuations also having a considerable impact on the daily cash requirements of small businesses. Here we’ll discuss methods to improve your cash flow throughout the year to avoid any potential issues and predict when you might need additional funding.

1. Explore business loans
A standard term or business loan is often the first port of call for many SMEs. Businesses decide how much they need, how long they predict they’ll need to pay it back, and are charged a fixed-interest rate for the duration of the loan.

2. Create a cash flow forecast
Most of us are familiar with the yearly cash flow forecast. However, it’s wise to be more granular, by creating a monthly cash flow statement and establishing a monthly budget. Developing a disciplined approach to spending, one where you can pinpoint the ebb and flow of revenue can help you identify and avoid any potential budget gaps.

For the full story at smallbusiness.co.uk CLICK HERE.
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