This is an excerpt from our Top 10 Mistakes Recruitment Start-ups Make (and how to avoid them) e-book download. You can download that now, for free, here.
This suggestion is from SSG Head of Investment, Ash Bennett:
Cashflow is vital for your business to thrive. If your cash is flowing into your business faster than it flows out of your business, then you will be running a healthy business.
But, if your cash is flowing out of your business quicker than its flowing into your business – you will struggle to pay your suppliers and struggle to pay your staff!
Much of the time, recruitment businesses fail each year simply because they run out of cash – so making sure you’re in control of what’s coming in and what’s going out is very important for survival. Only by staying on top of the incomings and outgoings can your business stay in control, you make informed decisions and meet financial goals.
Discover our 26 secrets to cashflow success with our A-Z Cashflow Formula at wearessg.com/cashflow!