10 tips on how to improve your company's cash flow

The statement ‘Cash is King’ has been around for a long time - and that’s probably because in many ways it’s true! In the business world, cash flow is certainly very important. For example, have you heard of any companies going out of business because they had too much cash? Probably not.
In this episode of Whiteboard Thursday, Nick Campion walks you through 10 ways you can QUICKLY improve your company’s cash flow, taking the stress out of your business life and building sizeable cash reserves in your company’s bank account.
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Website: www.1stformations.co.uk/
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[@kutluhanuk8776]

They provide very useful information and establishing a company is number one in England ..

[@1stformations]

We're pleased you found our video helpful. If you have any other topics you would like us to cover, just let us know and we'll see what we can do.

[@Iliketrainsbrooooom]

My favourite part of the channel is that you provide simple advices that everyone can follow. Keep up the good work Nicholas! Cheerio

[@1stformations]

Thank you for your kind words Tommaso. Our aim is to make running a company simpler, so we're pleased to hear we are on the right track. If there are any other topics you think may be of use to you, just let us know and we can make a video on it!

[@annalisemaguire9630]

Starting and maintaining a business doesn't seem as daunting with the advice guru Nick! Always look forward to see the next subject that is covered!

[@1stformations]

Thanks Annalise - remember, a new video is released every Thursday!

[@darkdancer1983]

Thanks for another wonderful video. Whiteboard Thursdays are the highlight of my day 🏆

[@1stformations]

And your comment is the highlight of our Thursday, Peter!

[@shamsquadrii]

Great tips on improving your company’s cash flow 💰. Must watch

[@1stformations]

Thanks Syed - we're glad you found our video useful. If you have any other areas of business advice you would like us to cover, just leave a comment!

[@polly5273]

Thanks for this easy and understandable explanation. I looked at several other videos, read other articles buy couldn't wrap my head around it. You nailed it! Priceless!

[@1stformations]

Thank you for your kind praise, Polina. We're pleased we were able to deliver where everyone else failed - this is a tricky topic so it's important you get the right information to improve your company's cash flow effectively!

[@graemedonnelly2039]

I really enjoyed this one - thank you Nicholas! In my experience, TIP NR. 8 is easily the most effective (real world) way of improving a company's cash flow and building a healthy amount of cash in the bank. If you are using a Direct Debit scheme you get paid 14 days after you invoice clients - it certainly beats waiting up to 60 days for payment. If your business normally bills people annually, a monthly DD arrangment keeps cash trickling in every montth and also helps your clients' cash flow in being able to nake small payment towards their annual bill. It truly is a win-win for company and customers. I would love to hear other peoples' experiences and tips for improving a company's cash flow - anyone?!

[@1stformations]

Thank you for providing us with your experience of Direct Debits, Graeme. Yes, we feel one of the main reasons why clients default on payments is due to the size of the payments themselves. By reducing the size of the payments, this makes it far more manageable for clients to pay you. We would also love to hear from anyone else who has tips and experience for improving a company's cash flow - just leave a comment!

[@samb3151]

Some excellent tips, thanks Nick! Very useful in the current economic situation where cash flow is key in trying to sustain a business. Really helpful.

[@1stformations]

Thanks Sam. Yes, we believe it's important we provide all the advice we can in these difficult times; it could be the difference between survival or going under for some companies.

[@camo2802]

A great insight, This guy presents the 10 tips really well, I will certainly use a cashflow statement, very important.

[@1stformations]

Thanks Cameron, we're pleased you found the presentation to be of a high standard. Enjoy compiling your cashflow statement - we're sure you will find it of use!

[@ermanaltas4419]

Thank you for helping people clearly and clearly.

[@1stformations]

We're always here to help, Erman. We try hard to ensure we can explain what can be complicated topics in straightforward terms, to assist our viewers in the running of their companies. If there are any other topics you would like us to cover, just leave a comment and we'll see what we can do!

[@theseriousone]

Yet another informative vid focussing on an issue many business owners are constantly faced with

[@1stformations]

We're pleased you found our video helpful, Big Mizzle. If there are any other topics you would like us to make a video about which may help you run your business, just leave a comment and we'll see what we can do.

[@venanzus-gaming6116]

🥂cheers Nicholas 🥂 the right topic at the right time, thankkkksss!

[@1stformations]

Thanks Venanzus - agreed, for many companies it is vital they maintain a healthy cash flow during these difficult times.

[@johncarpenter8651]

Great tips. Especially like the one about Direct Debits!

[@1stformations]

We agree John - it's amazing how many companies don't realise the ease at which they can collect payments or identify problem payers via this simple method.

[@graemedonnelly2039]

I agree - the Direct Debit tip is very powerful.

[@1stformations]

Thanks Graeme Donnelly - glad you agree with one of our top tips. If you have any other tips, please let us know by leaving a comment!

[@annibonne4541]

Great video! 👍

[@1stformations]

Thank you for your kind praise, Anne! If there are any other business advice topics you would like us to cover, just leave a comment!

[@agostinoaxo627]

Thanks for the useful video!

[@1stformations]

We're glad you found this video to be helpful, Agostino. If you want us to cover any other topics in our videos, just leave a comment.

[@miwiali37]

Great advice! Makes it easy to understand and now I have a much better understanding on how to go about things. Look forward to seeing more videos from you.

[@1stformations]

Thanks Miriam - glad you found our video helpful. We have a new video released every Thursday, so watch this space for more advice!

[@paultavener1544]

Great video, very helpful.

[@1stformations]

Thanks for the high praise, Paul. We're pleased you found the video of use. If you have any other topics you would like us to explore via video, just leave another comment!

[@robkeys2115]

Having just started my new business, this is really going to help me through the first few months :)

[@1stformations]

Glad to be of assistance, Rob. Starting a new business is often a matter of survival in the first year or two; therefore, it's important business owners do everything they can to ensure they have sufficient cash to keep their company functioning properly.

[@bluealphatrading5982]

Great video! Looking forward to seeing more

[@1stformations]

We're pleased you found our video useful. We have a new video released every Thursday, so watch this space!

[@jeremychan2006]

this is presented in a very clear way, useful

[@1stformations]

Many thanks Jeremy - we're delighted you found our video helpful and our explanations clear. If there are any other topics you would like more explanation about, just leave a comment and we'll see what we can do!

[@PriscilaDexheimer]

Once again, great content! I will definitely check invoice management services options, this is really helpful!

[@1stformations]

Glad to see our video was of help to you, Priscila!

[@graemedonnelly2039]

Hi Priscila, I am also intersted in finding a good invoice managment service. If you find one you can recommend - please share!

[@1stformations]

Thanks Graeme - interesting to see you are looking for an invoice management service. If anyone has any invoice management service recommendations to help Graeme out - please leave a comment!

[@sabakebede6056]

You've made some great and valid points here. Just what I needed, thank you!

[@1stformations]

You're so welcome!

[@praschan1282]

Excellent, as always.

[@1stformations]

We're glad you are enjoying our channel Pras!

[@bejoon]

Great insight and a great company. I have used your service.

[@1stformations]

Thanks for your kind praise, Besuan. We're glad you found our video insightful, and that you were happy with our service. If you have any other topics you would like us to cover, just leave a comment and we can look into making a video to help you!

[@nourshop9664]

Thanks a lot, valuable information

[@1stformations]

We are pleased you enjoyed the video. What would you like to see us cover next?

Useful tips, keep up!

[@1stformations]

Many thanks for your high praise, Kristijan. If you have any other topics you would like us to cover, just leave a comment and we'll see what we can do!

[@daniellemcmullan3786]

Fab video, very useful :)

[@1stformations]

Glad you liked it, Danielle. If you have any other business advice topics you would like us to help you with, just let us know by leaving a comment.

[@keziahcowan648]

This video is a game changer!

[@saran2869]

Agreed!

[@1stformations]

Thanks for your kind words Keziah. We agree that this is a great opportunity for all companies big and small.

[@1stformations]

@@saran2869 Thanks Sara!

[@hawkdene123]

All about the cash 💰 🥰😍

[@1stformations]

It is indeed all about the cash, James!

[@NourFagou]

Great tips 👍

[@1stformations]

Glad you found these tips of use, Noureddine. If there are any other topics you think would be of use to you, please leave a comment!

[@douglaschown]

Not bad Nick, not bad at all :)

[@1stformations]

Thanks Douglas - glad you enjoyed it!

[@gordonandrew1526]

Very useful :)

[@1stformations]

Glad you found our video useful, Gordon. If you have any other topics you would like us to cover, just leave a comment.

[@wendwesensebseba2072]

thank you very much its very important 12161200

[@1stformations]

Thank you for your kind reply. We're pleased you found this information useful. If you have any other subjects you would like us to cover with a video, just leave a comment and we'll see what we can do.

[@BenAJShine]

Good info but constructive feedback. Reduce the hand movements a bit! It was hard to watch.

[@1stformations]

Thanks for the tip Ben! We will be sure to pass this onto Nicholas and the team. Are there any topics you would like to see us cover next?

[@jamie10157]

Agree it was a bit too heavy on the hands and distracting with all the hand movements and the text in back was small, would be better to see this closer. He has good voice

[@snowyowl7772]

Oreginal content

[@1stformations]

Many thanks for your kind praise, Snowy!

[@ameliafrench3440]

Great video! 👍

[@1stformations]

Thank you for your kind praise, Amelia!