How to Avoid The Christmas Cashflow Crisis
Christmas without cashflow can mean a crisis, but it doesn’t have to be.
The Christmas decorations are already out in the shops, and we’re starting to think about the holidays. It may be that you shut down your business for a week or two (or more), or it may be the impact of others shutting down business and/or taking holidays then to enjoy our Aussie summer.
Either way, as a business owner, Christmas may mean an impending cashflow crisis.
Here are my three tips to help you through this time:
TIP #1 – TALK TO YOUR CLIENTS OR CUSTOMERS.
Regular customers or clients can help with your cashflow if you have a conversation with them. Yes, a real conversation. You know the one. Pick up the phone and talk to them. Or if you’ve got a meeting, even better, talk to them face to face. Don’t be afraid to talk to them about cashflow.
Tell them that you’re looking into your cashflow over the upcoming couple of months and ask them to arrange to pay their invoices before they shut down or consid...
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