5 cash flow goals that every business should aim for
Maintaining a cash flow positive situation is something that many small businesses struggle with. After all, it only takes one or two late payments from a client to fall behind on payment obligations.
Fall too far behind and you may find yourself among the who fail every year due to cash flow problems.
While there are many steps you can take to , why get yourself into trouble in the first place?
1. Pay attention to margins
2. Pay yourself a salary
3. Have finances in reserve
4. Avoid debt
5. Save for growth
Read the full article from Xero here.
Not sure how to read your cash flow statement? Give us a call on 033795338 to see how we can help.