Cash flow is the main stumbling block for SMEs trying to secure funds for their growth.

With ongoing expenses and bills to cover to keep the doors open, poor cash flow strategies can negatively impact your customers, your staff and clients.

If you find yourself in crisis mode, Director of DFK Everalls, Melissa Healy, has identified some of the potential reasons your cash flow might be controlling you and suggests strategies to make your business thrive:

1. Youre unclear on the difference between cash and profit

Your profit is the difference between your income and expenses, while cash is simply how much money you have in the bank, says Healy.

As your expenses accumulate from buying eq…

Read the full article at: http://www.smartcompany.com.au/sponsored/sponsored-post/63571-take-control-of-your-cash-5-steps-for-avoiding-crisis-mode/