How to Manage Cash-Flow Over Christmas

Managing the flow of cash coming in and out of a business can be difficult at the best of times for business owners working in a variety of sectors. However, over the festive period, cash-flow issues may often be increased.
This extra pressure on cash-flow over the Christmas holidays is often caused by:
With this in mind, here are our top tips on how to ensure your business has a great Christmas and isn’t left with a cash hangover that lasts until February.
The first step would be to create a pre-Christmas action plan, which could act as your saviour. Consider these questions first of all:
Think about the month, before, during, and after Christmas and the effect on your business. This could help you realise important areas, which require your attention.
It could be worth applying for additional funding before Christmas. Leaving applications for finance to the last minute may not be the best idea. If you need additional funds to purchase stock, need a safety net, or think you may have a cash-flow gap during the festive period, then don’t leave it late.
There are quick wins that can help, such as VAT or Corporation Tax funding, Business Loans, Merchant Cash Advances, or Invoice Finance. All of these types of funding can be applied for prior to being needed and an offer can sit waiting ready for the business to draw on.
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So, there you have it! Those were our top tips on how to control cash-flow over Christmas and we hope they prove useful.
Planning is the key to successfully managing cash-flow over Christmas.
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