You’ve probably heard the term “cash flow” thrown around quite a bit. It’s a very common benchmark for understanding the financial state of your company and working out where you could make changes to your operations.
Whether you’re a small local business owner or Virgin founder Richard Branson, analysing your cash flow is an important exercise. You need to know how short-term cash flow can impact your operation, and why it’s used to gauge your company’s success.
Allowing your customers time to pay may make you more attractive as a supplier, but it will not help your cashflow. After all, you’re paying your staff, buying materials, running vehicles and this all costs you money.
Investing in job management software will help with your cashflow because you will be able to run your business more efficiently. No more printing out quotes and invoices and mailing them to your customers. Why wait for a cheque to arrive when you can take payment on site? This can all be done at the touch of a button without all that time-consuming paperwork. It’s probably the best investment you can make in your business.
ServiceGuru can show you how with a short, demo on your laptop or PC.
There is a better way to run your business. Let us show you how.