CRAIG ALEXANDER RATTRAY supports calls for the new government to change its relationship with business In the aftermath of last week’s elections surely now is the time to focus on what is right for the economy, for business and to improve Scotland’s economic performance? For too long we have suffered from low productivity, poor business […]
Craig Alexander Rattray
How to become a cash flow master
CASH FLOW TIPS: Craig Alexander Rattray says it is important to understand the timings of cash flow There are three key components of a cash forecast: Cash receipts or inflows – principally receipts from sales to customers. As a business owner and having reached this section, you already know that you should use historic data to […]
Don’t expect a revenge spending spree
CRAIG ALEXANDER RATTRAY explains why consumers are unlikely to splash the cash as the economy reopens Bank of England governor Andrew Bailey and chief economist Andy Haldane are among those who, in recent weeks, have been prophesying a huge spending spree as we emerge from months of lockdown. Their belief is based on the £140 […]
Avoid falling into the cash flow traps
CASH FLOW TIPS: Craig Alexander Rattray says you should ignore the myths around managing your cash There are a number of common myths (and traps), and many more that are used as an excuse not to manage cash flow. Myth: Our business is unique; we do not need to manage cash flow because… We will […]
Give yourself headroom by keeping tabs on the KPIs
CASH FLOW TIPS: Craig Alexander Rattray says key performance indicators (KPIs) and ratios give a guide to liquidity The most important key performance indicator (KPI) is the cash balance and, clearly, the higher this is the better. Similarly, the KPI which calculates the level of cash headroom available is also important. This KPI can be […]