Talking Cents

Protecting your cash flow during the slow period, by our small business accountants in Melbourne

We are sure that you know of this by now, but cash flow is the lifeline of every single business. Yet what do you do when you hit the slow period of the year? Well our small business accountants in Melbourne have the solution.

Here’s how our accountants for small business in Southbank want to protect your cash flow during the slow period:

• Be sure to make the downtime period productive and use the time that you are not making as much money to work on your business, create budget plans, implement new and innovative marketing strategies to get your business flowing again, just be sure to never stop working
• Focus on the variable costs of the business, negotiate with your suppliers or billers and find out ways for you to pay less during the slow period of business. This way your business is experiencing less of a loss
• Always be sure to ask for better terms with your suppliers, this could include payment options or even discounts. There is no harm done in asking and after a strong relationship a lot of business want there to be success

3 simple yet effective ways for you improve on the slow period business. If you worked side by side with our small business accountants in Melbourne’s CBD, they could help you with this process.

Be sure to get in contact with our small business accountants in Melbourne with any enquiries that you may have.