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 […]
cash flow
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 […]
How to improve your chances of getting a bank loan
CASH FLOW TIPS: Craig Alexander Rattray offers advice on showing your bank that you are a good risk Remember, banks only make money when lending to companies, so they are always keen to do so, but only to companies that are a good risk. To secure bank lending, it is important to show that you and […]
A growing business also creates more risk
CASH FLOW TIPS: Craig Alexander Rattray offers some advice on financing growth Many business owners have multiple opportunities but a combination of fear and uncertainty, a lack of knowledge of how to do it and the related financial implications, as well as a lack of finances, prevents them from taking advantage of these growth opportunities. Like […]
Why it counts to understand the numbers
CASH FLOW TIPS: Craig Alexander Rattray says there is help at hand for those who struggle with accounts As the business owner you are not expected to be the finance expert. However, you must understand your financials and your cash flow. Many business owners who have run their own company for many years are often […]