Business articles for Small Business Entrepreneurs by Amy Chen - Business Coach, Consultant and Mentor

working capital

A room piled high with cash: How managing stock differently can unlock cashflow

A room piled high with cash: How managing stock differently can unlock cashflow

Your shelves and stock room isn’t just filled with stock and inventory - it’s piled high with cash, because that’s exactly what you handed over to get that stock in the first place.

In my article for Smart Company, I look into how you can reduce the amount of money on your shelves, so you can use that cash for things you actually need to grow your business.

How to nail a cashflow forecast when you hate numbers

How to nail a cashflow forecast when you hate numbers

Even if you hate numbers, there’s an easy way to learn how to plan your cash to give your business the best chance of survival …

Why Structure Is So Important When It Comes To Your Debtors  

Why Structure Is So Important When It Comes To Your Debtors   

We all know how important sales are, but equally important is collecting the cash we’re owed ... and making sure the time we spend chasing accounts is as effective and efficient as possible.

Seven things you need to avoid business failure

Seven things you need to avoid business failure

We all know being a business owner is a hard gig.

And the statistics back that up:

  • According to the Australian Bureau of Statistics, more than 60 percent of small business cease operating within the first three years of starting.

  • 43% of one-person businesses which existed in 2011/12 were gone by 2015/16.

So why do small business fail? And what can you do to make sure you don`t become a statistic?

Boost your Cash Flow by Managing Your Debtors More Effectively

Boost your Cash Flow by Managing Your Debtors More Effectively

Cash flow is the oxygen that allows your business to live and breathe.

In my cash flow finance days, I had no end of customers boasting about their sales for the last month.

BUT if you fail the collect the cash, then it’s s all for nothing.

Without collecting cold hard cash, you can't pay your rent. You can’t do your payroll. You can't pay your suppliers.

So here are some things to think about to increase the you have cycling through your business …