{"id":6290,"date":"2023-11-13T10:48:49","date_gmt":"2023-11-12T23:48:49","guid":{"rendered":"https:\/\/ghr.com.au\/?p=6290"},"modified":"2023-11-16T10:02:45","modified_gmt":"2023-11-15T23:02:45","slug":"how-to-unlock-cash-within-your-business","status":"publish","type":"post","link":"https:\/\/ghr.com.au\/how-to-unlock-cash-within-your-business\/","title":{"rendered":"How to unlock cash within your business"},"content":{"rendered":"
As a business owner, have you ever been caught short of cash? What if I told you that the solution to your cash flow woes might be hiding in plain sight? Yes, you heard it right. Your business may already possess the funds you need, locked up in assets, stock, or your debtors. In this post, we’ll break down three areas you can check to free up funds within your business.<\/span><\/p>\n Your business assets, be it debtors, stock, prepaid expenses, vehicles, or equipment, are potential sources of funds.<\/span><\/p>\n Do you have excess capital tied up in stock? This can happen in two ways:<\/span><\/p>\n Better management can address both issues and free up cash. Here are some actions you can take:<\/span><\/p>\n Under-used fixed assets can tie up a significant amount of cash. Consider selling off rarely-used assets and hiring equipment when needed.<\/span><\/p>\n Don’t forget your customers can be a source of business funds. In addition to improving debt collection tactics, consider these strategies:<\/span><\/p>\n Consider your suppliers as a potential source of funds:<\/span><\/p>\n Maintain good relations with key suppliers for their support during challenging times.<\/span><\/p>\n Managing your business cash flow is all about proper employment of your assets, effective debt collection, and savvy supplier negotiation. Understand and unlock these hidden resources, and you’ll be surprised at how quickly your business’s financial health can improve.<\/span><\/p>\n If you need help with a plan get in touch with us now!<\/span><\/p>\n","protected":false},"excerpt":{"rendered":" As a business owner, have you ever been caught short of cash? What if I told you that the solution to your cash flow woes might be hiding in plain sight? Yes, you heard it right. Your business may already possess the funds you need, locked up in assets, stock, or your debtors. In this … Continued<\/a><\/p>\n","protected":false},"author":2,"featured_media":6295,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[1],"tags":[],"jetpack_publicize_connections":[],"acf":[],"yoast_head":"\nConvert assets into cash<\/b><\/h2>\n
Debtors:<\/b><\/h3>\n
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Stock:<\/b><\/h3>\n
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Fixed Assets:<\/b><\/h3>\n
Prompt customer collections<\/b><\/h2>\n
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Leverage your suppliers<\/b><\/h2>\n
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Final thoughts<\/b><\/h2>\n