Poor cash flow can be really worrying as a business owner. You want your business to be a success. It needs to provide you with financial stability and you don’t want the worry of bills coming out that can’t be covered.

If you’re finding yourself in this predicament every month there may be things you can do to prevent this from happening.

These steps may sound really obvious but if you’re not implementing these key things then your business is not going to go in the direction you want it to.

Review your outgoings 

As a business owner myself I know how easy it can be to forget about all the direct debits that leave your account each month. However, you may be surprised that you’re paying for things that you no longer use, or software which you don’t use to its full potential. Reviewing your outgoings can highlight areas where you are overspending without even realising!

Are you charging enough?

The price of everything is going up, but have your prices increased? It might be time to review your pricing structure and find out how profitable your business could actually be if you charge correctly. 

It’s only natural when you first start a business to be scared of overcharging and therefore you market your goods or services at a lower value. Now that you’re a bit more established it’s time to increase those prices and charge your worth!

Be consistent with your bookkeeping

It’s easy to keep pushing your admin to one side. The problem with this is, it still needs to be done and then it ends up more hassle than it would have done if you would have tackled it head on when you needed to.

Your bookkeeping is probably something you don’t give much thought to. But not only is it a legal requirement for your business but it’s essential to give you visibility and clarity in order to grow your business.

Doing your bookkeeping consistently will highlight any areas of poor cash flow so that you can address them before it’s too late.

Send invoices in good time

The quicker you send out your invoices the quicker you’ll get payment, so don’t be afraid to invoice straight away! Consider implementing new procedures such as using software to make it easier for your clients to pay you. The less hassle it is for them, the sooner you will be paid. Think about automating your recurring invoices, so it’s less admin for you. There’s lots of ways to make your payment processes much simpler.

Chase Debt



There’s always clients who pay on time and then there’s ones that don’t and if you don’t do anything about it, they’ll take advantage of the situation! No one likes to chase debt, but if you don’t then why would they pay? Those late payers will be happy to keep the money in their banks if they’re not getting chased for it. It’s just how some people are and if they know they won’t get chased the longer they will leave it each time to make the payment.

You can set up automated emails to go out to particular clients who don’t pay their bills on time. You can personalise them to be as gentle or as forceful as possible. Or you could just leave the chasing to us! We will develop relationships with your clients and offer a friendly approach to your debt collection.

We’ve highlighted a few cash flow management techniques to help you, but we can do so much more for you as one of our clients.

Book a call to find out how we can help you to manage your cash flow health.