One of the key goals of any business, particularly once it has survived the shaky first two years of existence, is to grow. Growth may mean different things to different business at different stages; it might mean to increase profits and nothing more, or it might mean expanding by opening new locations and reaching out to a new client or customer base. However you choose to grow your business, you’ll need cashflow to make it happen, which is where a cashflow management specialist or business financial consultant can be of assistance. To enjoy the benefits of a consultant who has the best interests of your business first and foremost in mind, make an appointment with an advisor from Ignitus in Melbourne CBD.
An Ignitus business finance specialist will work closely with you to examine your daily business practices and look at your business from all possible angles to determine the most effective and easiest ways to increase cashflow. These angles can include:
Together with the client, the cash flow management specialist can either recommend ways to improve existing practices or replace ineffective practices for efficient alternatives that are more cost-effective and contribute positively to the business cashflow.
Unlike profit, which is the amount of money that remains after expenses have been deducted, cashflow is simply the incoming and outgoing money that keeps the business running. It includes everything from purchasing inventory to paying wages, taxes and accountant fees. Without a healthy cashflow, the business is more likely to end up closing its doors prematurely.
A business financial advisor can provide the necessary advice and tools to help you increase and improve the cashflow of your business. Book an appointment with one of our specialists to get the guidance and assistance you need.