Cash Flow Fitness - let's get Physical !

Job Keeper (extended to March 2021 for some businesses) , State Government Grants and indeed the cash flow boost will not be there in 2021 to support the income of the business. 

So now more than ever it is time to get your Cash Flow Fitness in gear ! 

The ATO writes 

“Cash flow problems continue to be a major issue for small businesses. 

Research shows:

•  almost half of small businesses are under financial pressure within the first year, and this often increases into years two and three of business
•  60% of small businesses cease operating within their first three to four years
•  90% of small business failures are due to poor cash flow
•  small businesses who manage their cash flow effectively are more likely to succeed.

The financial and cash flow foundations are essential for business viability.”

So how do you achieve an understanding and TANGIBLE results regarding cash flow ?

KRS Consulting Group is building out a comprehensive Cash Flow Fitness Program - launching in late Jan 2021 

We plan to collaborate with clients on exploring ways to monitor and improve cash flow. Along the way we plan to educate, inform and generally support the business as advisors.

If you are interested - click here to register 

In the meantime - here are are some ideas to get you thinking about your cash flow 

There are four simple questions that determine the cash flow health of your business. No matter how big a business is or what stage it is at, answering these Four Key Questions are the foundation to set you up to succeed.

Are you trading profitably?

Have you put enough aside to meet your regular financial commitments?

Does your business have enough to spend on yourself and pay others?

Is your business improving its financial position?

In the Cash Flow Fitness Program in 2021 - we will be exploring these key questions and more.

We will keep you updated with regular progress as the program launches!