Date 11 October 2011
Publication Real Business
Your profitability is being squeezed to the point of extinction. What should you do? Here's four ways to avoid spiralling into debt.
We’d all agree that cash flow is the life-blood of any successful business. Yet for many owner-managers, profitability is being squeezed to the point of extinction, as the pressures of anaemic economic growth (for those lucky enough to be growing at all) and limited bank-lending are causing the availability of cash to dry up.
And if we do start to see an upturn, many companies will struggle as trading levels go up and the costs of trading kick in. Poor debt and cash flow management can topple a business very quickly. Wouldn’t that be ironic after surviving a downturn?
Now, more than ever, you need to manage and realise the cash resources you do have...
The article was originally published by Real Business. To read the full copy of the article, click here.
Or if you would like more information or advice relating to a specific matter, please do not hesitate to contact Ben Ashworth on 01727 798058 or by email at ben.ashworth@salaw.com.