What a pain in the backside?
It seems to always be there.
Poor cash flow can have many causes.
You may have over invested.
Purchased more stock than you need.
Or you simply dont have the time or resources to chase up what you are owed.
One major reason for poor cash flow is slow or non payment by your customers.
Five reasons why poor cash flow holds a business back.
1. Too much time wasted chasing money instead of the next order.
2. Your credit rating or available terms can take a hit through no fault of your own.
3. It is very difficult to plan ahead when you dont know if or when you are going to be paid.
4. You are not in a position to take advantage of opportunities as they arise.
5. You can end up with stagnated business growth.
