Are you an SME business that wants to nail their cash flow goals for the coming few months? Here are 5 things that you must have in your to-do list – check them out:
1. Forecast your Cash Flow in Advance
Planning your payment for the next months and predicting how much you are going to spend and where will give you a better idea of budgeting. Ideally, your forecast should be for the next 12 months, where you list down all income and cost responsibilities, and also take into account variations, irregularities and changes caused by market conditions. Being prepared for what lies ahead will limit your exposure to potential financial difficulties.