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How to be a King of Cash Flow Management

Check out the presentation titled: How to be a King of Cash Flow Management. Brought to you by Moula - https://moula.com.au/finance/cash-flow-management-tips . Moula was founded to help hard-working business owners in Australia access the funding they need to grow. In the past, getting funding meant going through weeks of paperwork, hassle, and hurdles. We use data to assess your loan application, which means we can keep things painless and lightning-speedy. <br><br>With Moula, you can apply online with no paperwork and no hassle, and have the funds in your account the next day. For more info, check out: https://moula.com.au today.<br>

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How to be a King of Cash Flow Management

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  1. How to be a King of Cash Flow Management

  2. Cash Flow Management • When an economy is faced with a down-turn, as we’re witnessing in the Australian post-mining-boom era, consumers tighten their purse strings and it’s often the small businesses who are most vulnerable. • According to the Australian Bureau of Statistics, 97% of all businesses in Australia are classified as small and around 60% of small businesses cease operations within the first three years of starting. • ASIC has cited that more than 80% of these ‘failures’ are caused by poor strategic management, inadequate cash flow or high cash use.

  3. This reminds of the mantra that my first-year university finance professor would drill into the class at the beginning of each lecture – “Cash is King”. • For any small business owner, the key is to understand the prevalent market conditions, plan ahead, and implement appropriate strategies to prevent cash flow challenges.

  4. Here are a Few Very Simple Tips to Help Manage Your Small Business Cash Flows:

  5. Tips to Help Manage Your Small Business Cash Flows • Obtain appropriate and proactive advice from your accountant or financial advisor • Prepare a forecast and monitor your anticipated sales • Forecast and monitor your cash inflows and outflows and closely track your net cash position • Anticipate and plan for any deficits that may arise by taking a proactive approach to negotiating new supplier terms or arranging any necessary external financing well in advance

  6. Small Business Cash Flows • In many cases, a small business’ cash flow crisis is the result of an unpredictable event, such as the loss of a key contract or supplier. • But a greater awareness and planned approach to cash flow management could help prevent a liquidity crisis that may ultimately threaten the survival of a small business. • One of the main reasons small business seek finance is to cover cash flow shortages.

  7. Check These Out! • Moula was founded to help hard-working business owners in Australia access the funding they need to grow. In the past, getting funding meant going through weeks of paperwork, hassle, and hurdles. We use data to assess your loan application, which means we can keep things painless and lightning-speedy. • With Moula, you can apply online with no paperwork and no hassle, and have the funds in your account the next day. • For details about cash flow management : Check out: https://moula.com.au/finance/cash-flow-management-tips

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