William Cullen, Manager at Dunedin Advisory, offers advice on how to improve cashflow through effective credit control. Good management of cashflow is vital for all businesses and is a key factor which, if not managed well, can see profitable businesses fall into difficult financial circumstances. Her’s four ways...
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According to the Office for National Statistics, 90 per cent of all failed businesses had some degree of cashflow problem. Lack of funds can have serious implications for businesses, from pressure from creditors for late payments to problems paying staff and other bills. In turn, cashflow problems can...