Do you want to keep your cash in your bank account?
Are you interested in the secret to converting profits into money in the bank? Would you like some help to understand how to finance your business growth?π’ Today, “The Number Hunter” dives into a crucial topic: Keeping Your Cash in Your Bank. π¦π Recently, I recently worked with a client who owns a thriving printing business. Despite impressive paper profits, their bank balance told a different story. π
Over a three-month project, we looked at many areas. We then identified several specific critical areas for improvement that were right for this business:
1. Supplier Prices: We reviewed existing supplier deals and explored better options. ππ 2. Customer Pricing: Amidst soaring inflation, adjusting prices to maintain profitability is essential. ππ° 3. Inventory Management: Implementing a new stock system to reduce excess inventory. πποΈ 4. Financing: We evaluated loans and overdrafts to find cheaper finance options, ensuring minimal interest payments. πΈπ‘ 5. Cash Collection: Emphasising upfront customer payments and timely supplier payments to keep the cashflow steady. π΅β³
π¬ If your business could benefit from a health check, I’d love to chat! I’m Julia from Leask Advisory Solutions, your go-to Number Hunter. Let’s keep your money where it belongs – in your bank! πͺπΌ
π Enjoy more restful nights and a stress-free business life. π€β¨
Would you like some help to understand how to finance your business growth?π’ Today, “The Number Hunter” dives into a crucial topic: Keeping Your Cash in Your Bank. π¦π Recently, I recently worked with a client who owns a thriving printing business. Despite impressive paper profits, their bank balance told a different story. π
Over a three-month project, we looked at many areas. We then identified several specific critical areas for improvement that were right for this business:
1. Supplier Prices: We reviewed existing supplier deals and explored better options. ππ
2. Customer Pricing: Amidst soaring inflation, adjusting prices to maintain profitability is essential. ππ°
3. Inventory Management: Implementing a new stock system to reduce excess inventory. πποΈ
4. Financing: We evaluated loans and overdrafts to find cheaper finance options, ensuring minimal interest payments. πΈπ‘
5. Cash Collection: Emphasising upfront customer payments and timely supplier payments to keep the cashflow steady. π΅β³
π¬ If your business could benefit from a health check, I’d love to chat! I’m Julia from Leask Advisory Solutions, your go-to Number Hunter. Let’s keep your money where it belongs – in your bank! πͺπΌ
π Enjoy more restful nights and a stress-free business life. π€β¨
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π Connect with me for a consultation! π julia@leaskas.co.uk
Thanks for reading! Bye! π
π― Follow #NumberHunter to stay updated on my latest content.
π π° πΉ
13th June 2024