If your business is facing a cash crunch, you’re not alone. In good economic times and bad, businesses in every industry can find themselves struggling to maintain financial balance from month to month or even week to week.
Cash challenges can come from a number of directions. Perhaps a key customer has stopped or delayed paying its bills, or an investment has tied up resources without generating the anticipated return. Regardless of the problem’s origins, there are tactical and strategic steps executives can take to take control of their cash situation.
When cash is a problem, there are several strategies owners and managers can take to begin improving their business’s financial health. Analyzing cash flows, choosing the right KPIs, and recommitting to basics are all good ideas. We’ve put together an information sheet that takes a closer look at each of them. Download it here.
At Whittaker & Company we give clients the resources and advice they need to tackle cash problems for the long haul. By adopting effective cash monitoring practices and proven strategies, your business can turn cash into a strength. Give Whittaker & Company a call today to take immediate steps toward better financial health.
Tax returns, financial statements, IRS communications and similar items are vital to address and process, but they should not be the focal point. Think of these as tasks to get to the real work, which is providing you the information you need and an interchange of ideas to move you forward. The goal is to help you implement your strategies and vision. This is what we do!