This is all about forecasts, cashflows and budgets. The percentage of businesses that go bankrupt because they aren’t making any profit is relatively small compared to the number that go out of business because they have run out of money. It’s usually lack of cash that effects businesses rather than lack of profits.
Forecasts we produce with you will help you see when you have money coming in and going out so you can plan for cash surpluses or deficits, and advise you on how to minimise the impact on the business.
Sometimes it’s as simple as asking the bank for an overdraft or seeking a finance from elsewhere, but that will be a lot easier to get if you have proper, thought out forecasts.