The Fourth Quarter Cash Flow Crisis
If you’re feeling the pinch and Cash Flow Crisis at the moment, trust me, you’re not alone. September through October are traditionally a major pinch point for retail – when you have lots of money going out as you stock up for the festive season, without any of the accompanying sales materialising until later in the year, cashflow can start to dry up and things can start to feel really tough.
This isn’t just a small product business phenomenon – huge retailers are well known to take out loans or to secure lines of credit to get them through this challenging time of year and overcome cash flow crisis, an option you could take if it came to it, but in episode 168 of The Resilient Retail Game Plan, I want to help you hold your nerve, to examine your numbers and get that cash flowing again.
In this podcast, we’ll look at the three main areas that impact cash flow crisis, setting a sales plan and making use of our sales history. We’ll also discuss the issues of holding too much stock throughout the calendar year and how a good stock plan can help you predict the future of your business.
Don’t forget – use the code: 10podcast to get £10 off your first month when joining The Resilient Retail Club.