55 – How Much Cash Does Your Business Need?
April 20, 2022
This week we’re looking at a topic that is very relevant in today’s business climate. Paul Sweeney explores the question: If you are going to survive in small business, it will be necessary to know what your cash needs are going to be, both cash in and cash out.
What do you need to consider when working out how much cash to keep on hand?
Cash flow is the life of any business and its management is one of the most important factors in any business. The ability to collect funds from Debtors, deal with cash tied up in stock and dealing with Income Tax and Goods and Services Tax (GST) is essential.
Find out more about cash flow here in this free guide.
Paul Sweeney Chartered Accountant & Business Advisor, launched Pretium Solutions after a long and successful career in accounting and business advisory. Paul credits his passion for small business with growing up in country NSW, where family-run businesses were the cornerstone of everyday life.
For Paul, the driving force behind The Business Behind Your Business was to make high end, proactive, directed and value-based advisory services available to small to medium businesses.
Paul brings to the table decades of experience as a highly qualified accountant and business advisor at every level of business. Through consulting, coaching and on-the-ground training and operations, his focus is on unlocking the untapped potential for greater profitability. Paul’s qualifications allow him to pair strategic advice with an advanced understanding of taxation and compliance matters.
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