5 most common causes of cashflow issues.
One of my favourite sayings is turnover is vanity, profit is sanity and cashflow is king, because without cashflow your business won’t survive.
No Cash = No Business.
Here are the 5 big mistakes I often see business owners are making.
1. Not collecting deposits or enough of a deposit at the start
2. Timing payments both when you get paid and when you pay your suppliers
3. Margins are too low
4. Invoicing too slow
5. Not enough work for the overheads of the business.