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
This story is from the February 12, 2024 edition of Evening Standard.
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This story is from the February 12, 2024 edition of Evening Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
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