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7 Tips to Creating Healthy Cash Flow in Your Business
Manage episode 413571665 series 3564911
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Welcome to this weeks episode of The Australian Small Business Show!
Today Matt is sharing with us 7 tips to creating healthy cash flow in your business.
In a previous episode we shared the 5 numbers we think every business owner should be keeping an eye on in their business, and we had such great feedback on that episode that we decided to do a deeper dive into one of those numbers- cash flow!
The 7 tips Matt unpacks today are:
1. Do a Budget;
2. Regularly review actual v budgeted;
3. Overestimate expenses;
4. Know your sales cycle;
5. Debtors are bad;
6. Personal V business expenses;
7. Don’t use GST and PAYGW to fund your business.
So how do you ensure healthy cash flow in your business? We’d love to hear from you. Let us know on our socials. Head over and comment or send us a direct message on our Facebook or Instagram
If you're an Australian Small Business Owner, we'd love to connect with you on socials.
You can give our Facebook Page a like here:
https://www.facebook.com/theaustraliansmallbusinessshow
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