Managing Working Capital in Turbulent Times
In an ever-changing business environment, it is imperative that businesses manage working capital so that they can be self-sufficient and so that they can fuel growth.
In an ever-changing business environment, it is imperative that businesses manage working capital so that they can be self-sufficient and so that they can fuel growth.
Over the last couple of years, businesses have had to deal with a pandemic, war on mainland Europe, supply chain issues, labour shortages, rising inflation and increases in interest rates. Many businesses are having cash flow issues as a result. Obtaining working capital loans from your bank can be a difficult and time-consuming process. Early identification of cash flow issues and engagement with your bank is therefore key to ensuring facilities are in place when you need them.
Managing working capital effectively is key to navigating a business through difficult times. Here are some top tips to help manage working capital
Revenue
Expenditure
Management
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