A Guide to Avoiding Cash Flow Problems
- Price: £3.60
- Published: July 2015
- Type: Business Information Factsheet
- Format: PDF
One of the major causes of small business failure is running out of cash. There are many reasons why your business may face a cash crisis, and it is important to understand the factors that can cause cash flow problems in your business. No matter how healthy your balance sheet may appear in terms of the physical assets your business owns or the money that is currently owed to your business, your ability to convert sales into actual cash at critical times may make the difference between survival and failure.
This factsheet looks at the situations that can lead to cash flow problems and how you can avoid running into trouble. It outlines the practical steps you can take to build and maintain your cash flow, and provides hints and tips and sources of further information.