There is a handful of working days until Christmas, what steps have you taken to avoid the post Christmas cash flow blues?
O.k. you probably didn’t need the reminder that Christmas is upon us yet again! You also probably didn’t need to be reminded about your cash flow as it stares you in the face on a daily basis, and you already know that every year January and February is the same, tough on cash flow.
It is not too late to plan now to avoid the cash flow blues or worse, a cash flow crunch. Take these three simple steps to avoid both of these and the anxiety that these inevitably bring whilst you are enjoying your Christmas celebrations and break if you don’t.
1. Prepare a 90 day revenue and expense budget.
2. Prepare a 90 day cash flow budget.
3. Put in place finance facilities to plug any gaps.
Go to Christmas with the confidence that you won’t be dealing with the post Christmas cash flow blues.
