How to turn your business into a cash flow machine (self-fund growth and personal needs)

The Holistic Accountant

Cash flow is the lifeblood of any business. A business that generates an increasing amount of free cash flow as it grows can self-fund its future growth. It can grow infinitely. However, a business that doesn’t generate free cash flow will eventually die (without constant equity injections). This is the topic of episode four: how do you turn your business into a cash flow machine. Mena and Stuart discuss:

• The four elements that impact a business’ cash conversion cycle and we share tips on how to improve each of them.
• Strategies to receive revenue before you have to pay for your expenses.
• How to provision for tax liabilities so that you never receive an unexpected tax bill.
• How much cash your business should hold (for a rainy day).

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IMPORTANT: This podcast provides general information about finance, taxes, and credit. This means that the content does not consider your specific objectives, financial situation, or needs. It is crucial for you to assess whether the information is suitable for your circumstances before taking any actions based on it. If you find yourself uncertain about the relevance or your specific needs, it is advisable to seek advice from a licensed and trustworthy professional.