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A business will always have overheads such as rent, staff, and rates. Making sure these bills don’t get the best of you and keeping your cash flow under control can sometimes be difficult. Here at Johnson Reed we want you to succeed so we have come up with some simple steps of how you can keep control.
The future of your business depends on preparation. This is a key factor for your business to grow. Planning a business expansion or preparing to face stiff competition in your sector means investment. It can be easy to lose control of your cash flow when you don’t plan ahead.
Also monitor your business’s current cash flow and don’t let other people’s debt issues affect your business by carrying out credit checks on customers.
When you need to expand by purchasing new equipment or fittings you should talk to your supplier about a leasing option. Johnson Reed’s Fixed payment financing, with a single point of contact, will give you a clear example of what it will cost, when you need to pay it, and it won’t affect your current cash flow.
Flexible payment is often more sensible than a discount for early payment deal because it allows you to take full advantage of the payment terms and keeps it simple when you need to monitor your cash flow for changes.
If you would like to know more information about how to keep your cash flow under control or a Johnson Reed lease, then please contact us on 0161 429 6949 today to see how we can help.