New Year, New Start! Make the change for better in 2025
Posted on 07 Feb 2025
If nothing changes, nothing changes is a powerful reminder that growth and improvement require intentional action. If you want different results in 2025 than you got in the previous year, small, strategic changes can have a significant impact.
Over the next 3 blog posts I will share with you small adjustments you can make in your business that can lead to better results.
PART ONE of 'If nothing changes, nothing changes'
Optimise Cashflow Management
- Why it’s crucial: Cash flow is the lifeblood of any business. Even profitable businesses can struggle if they don’t manage cash flow properly. By forecasting and monitoring cash flow regularly, business owners can ensure they can meet their financial obligations and avoid any disruptions to operations.
- What to do: Set up a Cashflow Forecasting system that allows you to predict when cash will come in and go out of the business. Ensure that you have enough buffer to cover expenses during lean periods. If Cashflow is tight, consider adjusting payment terms with clients or suppliers to improve liquidity.
- Benefit: Effective Cashflow Management allows business owners to avoid financial stress and stay on top of their operational needs, ultimately contributing to growth.
All businesses need to prepare a Cashflow Forecast each year; even if your business has a positive cashflow. An annual Cashflow Forecast can help you unlock a lot of cash, just by making a few changes.
As a valued client of Monteck Carter, we like to help our clients to be proactive in managing their cashflow; not assuming they only need one if the bank asks for it.
If you would like us to help you build a Cashflow Management plan, get in touch today and let us guide you to a positive 2025.
