{"id":1417,"date":"2023-06-16T16:48:06","date_gmt":"2023-06-16T15:48:06","guid":{"rendered":"https:\/\/accountants247glasgowsouth.co.uk\/?p=1417"},"modified":"2023-06-16T16:48:10","modified_gmt":"2023-06-16T15:48:10","slug":"do-you-need-to-improve-the-cash-flow-position-for-your-business","status":"publish","type":"post","link":"https:\/\/accountants247glasgowsouth.co.uk\/?p=1417","title":{"rendered":"Do you need to improve the cash flow position for your business?"},"content":{"rendered":"\n<p>Turning a profit is at the heart of running any successful company &#8211; But without cash flow, you can&#8217;t run your day-to-day operations or grow the business. Talk to us about how you can increase cash flow in your business. #businessadvice #cashflow<\/p>\n\n\n\n<p>Keeping on top of the financial management of your business can be hard work. It&#8217;s possible to have a profitable business that is struggling to find the cash flow to pay expenses and fund growth. Likewise, you could have positive cash flow but are not turning a profit, particularly if you are scaling.<\/p>\n\n\n\n<p>Turning a profit is at the heart of running any successful company But without an even and predictable flow of cash into the company, you can&#8217;t cover your overheads, you can&#8217;t pay your employees and you can&#8217;t run your day-to-day operations \u2013 let alone think about expanding and growing the business.<\/p>\n\n\n\n<p>In the end, you need both. But if you\u2019re going to be in control of your financial destiny, it\u2019s important to get your head around the important process of cash flow management.<\/p>\n\n\n\n<p>Let\u2019s look at some of the key things to understand about your finances:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Profit is a by-product of a successful business<\/strong>&nbsp;\u2013 as the owner, you want to make profits, but profitability isn\u2019t the only goal. A business can easily be profitable, but also be highly unstable in the longer term. What you want is stability and consistent revenues.<\/li>\n\n\n\n<li><strong>Cashflow keeps your business alive<\/strong>&nbsp;\u2013 good revenues (income) serve to bring cash into the business. Without cash to cover your operating expenses, you have no means to keep the lights on in the business. So cash really is king!<\/li>\n\n\n\n<li><strong>Know your cost base and overheads<\/strong>&nbsp;\u2013 the flipside of your cash flow position is your costs. In an ideal world, you want more cash inflows than cash outflows, so it\u2019s important to know your expenses and costs and to manage them carefully.<\/li>\n\n\n\n<li><strong>Be proactive about spend management and easing expenditure<\/strong>&nbsp;\u2013 if you can take action that reduces your spending, that is hugely positive for your cash flow position. Choose cheaper suppliers, negotiate better deals and bring that cost base down.<\/li>\n\n\n\n<li><strong>Drive more revenue, through increased sales and marketing activity<\/strong>&nbsp;\u2013 if you can increase your revenues, you also boost your cash flow. So it\u2019s important to be proactive about running targeted sales and marketing campaigns to increase your sales.<\/li>\n\n\n\n<li><strong>Keep the cash flowing and the profits take care of themselves<\/strong>&nbsp;\u2013 if you achieve the ideal cash flow position, the company sits on solid financial foundations, the cash is there for investment and the business can grow. It\u2019s that simple.<\/li>\n<\/ul>\n\n\n\n<p><strong>Talk to us about improving your cashflow management<\/strong><\/p>\n\n\n\n<p>Whether you\u2019re new to running a business, or a seasoned owner who needs some financial support, we can give you the cash flow advice you need.<\/p>\n\n\n\n<p>We\u2019ll review your finances, delve down into your cash flow, and will come up with key ways for you to increase your cash income and reduce your cash expenses. It only takes a few small changes to achieve a far better cash flow position for your business \u2013 helping you maintain positive cash flow AND generate profits.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Turning a profit is at the heart of running any successful company &#8211; But without cash flow, you can&#8217;t run your day-to-day operations or grow the business. Talk to us about how you can increase cash flow in your business. #businessadvice #cashflow Keeping on top of the financial management of your business can be hard [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":1418,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","jnews-multi-image_gallery":[],"jnews_single_post":{"subtitle":"","format":"standard","video":"","gallery":"","source_name":"How-to-keep-on-top-of-your-business-cashflow","source_url":"","via_name":"","via_url":"","override":[{"template":"1","single_blog_custom":"","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"1","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","post_reading_time_wpm":"300","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"1","number_popup_post":"1"}],"image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post_position":"meta","trending_post_label":"Trending","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo":"","sponsored_post_desc":""},"jnews_primary_category":{"id":""},"footnotes":""},"categories":[58],"tags":[80,108,85,81,109],"class_list":["post-1417","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-accountancyservices","tag-businesscashflow","tag-cashflow","tag-clarkston","tag-startup"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Do you need to improve the cash flow position for your business? - Accountants247 Glasgow South<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/accountants247glasgowsouth.co.uk\/?p=1417\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Do you need to improve the cash flow position for your business? - Accountants247 Glasgow South\" \/>\n<meta property=\"og:description\" content=\"Turning a profit is at the heart of running any successful company &#8211; But without cash flow, you can&#8217;t run your day-to-day operations or grow the business. 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