Many business owners and leaders return to the office this week (if not covid affected!) After weeks of funds pouring out with staff taking Christmas leave, many unable to return yet if unwell with Covid or close contact isolations.
This means less productivity in your operations driving revenue. You’ve now realised cash flow is very, very tight!
OMG, how are we going to pay the BAS obligation this quarter, you’re thinking….
You may have turned to your bank.
To see if you can secure a loan to get you through.
You realise the lending rules are a lot tougher these days and you’re not sure you can secure a business loan to get you through!
If you don’t have an appropriately qualified resource to assist you (ie a CFO) then you will invariably suffer with cash flow issues.
You need a consistent and reliable way to accurately forecast future cash flows and be able to know you can afford to pay your next BAS or know when you can afford to hire more staff, or invest in marketing to grow and what this will mean for your cash flow.
A good CFO can help solve this problem by forecasting cash flow and indicating how decisions today will impact cash flow of tomorrow.
Once you have this knowledge at your fingertips you can make decisions with confidence and have visibility in real time.
2022 is the right time for SME business owners and not for profits to find better ways to fund operations.
At Lucent Advisory, we spend our days working with SME businesses and not for profit organisations helping them fix their cash flow issues by providing outsourced CFO services, we call it Virtual CFO Services and it’s without the executive price tag of what you would pay for an internal CFO equivalent.
Never run out of cash again, even during a recession or pandemic!
Contact us to see how we can help navigate you during staff shortages and what that means for your cash flow.