3 Quick Tips for Struggling Cash Flow

I once knew a business from the UK

Who’s finances went into dismay

Income was chased

And payments delayed

Until grants helped pave the way

When finances are tight and you can see the light at the end of the tunnel but it’s going to take a little help getting there, have you checked off these?

  1. Contact your suppliers to extend payment terms
  2. Contacting your customers to speed up income
  3. Checking to see whether you qualify for local and central government grants (especially during covid times – check out https://www.gov.uk/government/collections/financial-support-for-businesses-during-coronavirus-covid-19

And remember, be honest and open to the people you work with (internal and external) as they want you to succeed as much as you do!

Bill Smith – The Fresh Prince of Financial Flair is here to talk all about the money side of business

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