How to assess your financial situation

If you are starting out in business and need to know at anytime where you are then:

  1. Create a cashflow forecast. Anticipate what you will have coming in and out using a spreadsheet or specialist forecasting software and revise this as your business grows, revising it at least once a month.
  2. Create contracts with minimum contract length so that you can plan ahead. Know then exactly how far ahead you can forecast.
  3. Keep stock control using accurate software and keep your stock up to date. Our POS systems can help with this.

Need help assessing your current financial situation – get in touch. We can help.

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