Latest updates and stories from Bedfordshire Chamber of Commerce and its Members

In any business, cash flow is king, and in smaller businesses, cash flow issues can cause particularly severe impacts.

A recent survey from the British Chambers of Commerce (BCC) found that over half of respondents who sought additional finance for their business said cash flow was the main reason.

But the good news is you can manage cash flow better – and so improve it – by adopting just five key habits.

Here at the Bedfordshire Chamber of Commerce, we know that cash flow is one of the top concerns for our members.  With late customer payments, seasonal slowdowns, weak invoicing and collection processes, it is a common challenge that has a significant impact on a business.

There’s a saying in business: bad cash flow sinks more companies than weak order books - and it’s as true today as ever.

Cash flow supports everything from everyday operations, to investment in equipment and technology, to shareholder dividends and loan repayments. Quite simply, without adequate cash flow, your business can’t function.

EFM offers practical advice and recommends steps which your company can take to improve your businesses cashflow.