A new year is the perfect time for small business owners to take stock of the last twelve months and look for new ways to meet their goals. The 'Money Matters' study by accounting software provider Xero found that half of owners worry about their financial future, and nearly three-quarters (72%) have experienced cash flow issues over the last 12 months. Looking at new ways to monitor and manage cash flow should be high on any small business's list of resolutions.
Considering 82% of small business owners who experience cash flow issues are affected by stress, and 80% by anxiety, addressing this early in the year can improve the bottom line and most importantly owners' personal lives. So, what can you do to better manage cash flow in 2024?
Don't ignore late payments
Denne historien er fra February 12, 2024-utgaven av Evening Standard.
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Denne historien er fra February 12, 2024-utgaven av Evening Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
In the eye of the storm A rich account of Britain's political chaos
Tim Shipman’s fourth and final tome covers Johnson to Sunak, via Truss
Is this government full of amateurs?
Labour's hard landing has revealed a cabinet struggling with the basics
It's going to be weird when the national anthem plays, but I'm so proud to lead the United States
Emma Hayes closed the book on 12 trophy-laden years at Chelsea with her fifth consecutive Women’s Super League title in May.
Can Guardiola fix 'fragile' City after latest implosion?
Rebuilding his ageing side will bea greater challenge than building it in the first place for one of the greats
London wins battle of the global city brands again...
...but the capital still has plenty of work to do ifit wants to keep that crown
At home with...Earl of East
The duo behind the fragrance brand have made a Leyton new-build their sanctuary
How evolution evolved: the risks and rewards of gene-editing technology
INDIA BLOCKspeaks to paediatrician and TV writer Dr Neal Baer about the controversial advancement
This beloved take on Dickens is a joyful gift that keeps on giving
AIl through a bright, bitter winter day I was smiling because I was coming to see Jack Thorne's adapAtation of Charles Dickens's story again.
Market merrymaking
Bundle up in your warmest coat, hat and mittens to visit the best Christmas markets in the UK.
Festive favourites
Perfect your Christmas spread with a vibrant spin on a seasonal staple.
