Mind your cashflow: how to avoid the SME pitfall

Too many growing businesses mis-manage their cashflow. Here's how to bridge those gaps

Money
(Image credit: 2008 Getty Images)

Taking your eye off the ball when it comes to cash-flow can cause problems even in a thriving business. If mistakes are made and cash flow dries up, a fledgling enterprise can – and often will – sink very quickly.

Despite government interventions such as Funding for Lending, obtaining finance remains the number one issue facing small businesses. The latest data from the Bank of England shows that net business lending fell by £500 million in the last quarter for which figures are available. That's particularly bad news for SMEs.

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