Focusing on cashflow via improved management and modelling is one route many companies are choosing according to research by American Express, more than a quarter (28%) of SMEs are currently looking at ways of better managing or improving their cashflow.
Cashflow management is the process of understanding how much money is moving in and out of a business: in through revenue and sales and out via expenses and overheads, says Stacey Sterbenz, general manager, UK Commercial, at American Express. Modelling, meanwhile, involves planning for the immediate future.
For Emily Vermont, having a financial safety net has become a non-negotiable part of running her business, Indirock, an indoor bouldering wall in Southend, Essex.
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