Glamtush
No Result
View All Result
  • Home
  • News
  • Beauty
  • Business & Brands
  • Entertainment
  • Fashion
  • Features
  • Lifestyle
  • Politics
  • Sports
  • Telenovelas
  • Events
  • Home
  • News
  • Beauty
  • Business & Brands
  • Entertainment
  • Fashion
  • Features
  • Lifestyle
  • Politics
  • Sports
  • Telenovelas
  • Events
No Result
View All Result
Glamtush
No Result
View All Result

Cash Flow Problems Your Small Business Is Likely To Experience

byCorrespondent
March 3, 2017
in Uncategorized
Reading Time: 2 mins read
Share on FacebookShare on TwitterShare on PinterestShare on WhatsappShare on LinkedinShare on Telegram

Cash or money is important to the proper, effective and smooth running of any business or enterprise. It is, therefore, safe to say that without money, your business will collapse. As a result, Jumia Travel, the leading online booking agency discuss some cash flow problems that are likely to affect the smooth running of your business. This will ensure that you are fully prepared for any uncertainties. It must be mentioned that 90% of small businesses or startups fail due to poor cash flow.

Delayed payment

READ ALSO

Google Unveils $37M AI Investment And New Community Center In Africa

Spotify RADAR Africa Turns The Volume Up On FOLA And Thakzin

After providing a service, you expect to be paid immediately, this is not the case most times. You offer your service and get paid later. However, this is not good for your business. In fact, if your clients pay very late, your debt profile will steadily rise. To reduce the effect of late payment, set a timeline for your clients or customers to make payment and use your relationship with the manager to encourage him or her to pay you as early as possible. You can also reduce the credit you offer your customers.

Decline in sales

The reduction in sales can have a huge impact on profit. As soon as you notice a decline in sales, you may need to check your marketing strategy again. You can also take advantage of social media. You don’t need to break the bank to boost sales again.

Low profit

Profit is directly linked to sales. You should not be too surprised if your profit has been hit. The Nigerian economy is trying to recover from its first recession in 22 years. Besides, some businesses have declared losses. This is why the business should have savings to cushion the effect of the lack of profitability. Also, you may need to adjust your growth forecast.

Seasonal demands

There are some businesses that are seasonal. Seasonal in the sense that there are certain months there is a monumental spike in turnover and in other months, it will reduce. For example, there is always an increase in hotel bookings during public holidays and the festive period. This is same for transport. You have to plan your cash for this period so that there is no lacuna.

Overtrading

This usually affects small businesses that are just opening a shop. Most times, these businesses invite customers and friends and offer them a good discount to promote patronage. The turnout may be massive and it may affect your cash flow because so many people are taking advantage of the discount. The rule here is to try as much as possible to make your launching very simple and don’t offer any crazy discount.

Related Posts

AI Investment
News

Google Unveils $37M AI Investment And New Community Center In Africa

July 26, 2025
RADAR Africa
Celebrities

Spotify RADAR Africa Turns The Volume Up On FOLA And Thakzin

July 26, 2025
Pregnancy
Society/Gists

Priscilla Ojo & Juma Jux Announce Pregnancy, Share Adorable Baby Bump Photos

July 25, 2025
Jhanak Teasers August 2025
Star Life

Star Life: Jhanak Teasers August 2025

July 25, 2025
SME
Business & Brands

Fidelity Bank Empowers SMEs With Business Management Systems

July 25, 2025
Sterling One Foundation
Business & Brands

Sterling One Foundation, UN Set Stage For Africa’s Next Leap At ASIS 4.0

July 25, 2025
Next Post
Local foods

5 Reasons To Explore The Ritzy Federal Capital City Of Abuja

LATEST COVER

Priscilla Ojo

GPBN Associates Member

Fidelity Bank

Zenith Bank

AI Investment

Google Unveils $37M AI Investment And New Community Center In Africa

July 26, 2025
RADAR Africa

Spotify RADAR Africa Turns The Volume Up On FOLA And Thakzin

July 26, 2025
Pregnancy

Priscilla Ojo & Juma Jux Announce Pregnancy, Share Adorable Baby Bump Photos

July 25, 2025
Jhanak Teasers August 2025

Star Life: Jhanak Teasers August 2025

July 25, 2025
SME

Fidelity Bank Empowers SMEs With Business Management Systems

July 25, 2025
Sterling One Foundation

Sterling One Foundation, UN Set Stage For Africa’s Next Leap At ASIS 4.0

July 25, 2025
Blood

Access Group Staff Donates Blood Across Africa In Life-Saving Initiative  

July 24, 2025
Kogi Photojournalist's Murder

Suspect In Kogi Photojournalist’s Murder Found Dead In Hotel

July 24, 2025
Hulk Hogan

Wrestling Legend Hulk Hogan Dies At 71

July 24, 2025
LPPC

FULL LIST: LPPC Elevates 57 Legal Practitioners To SAN Rank

July 24, 2025

GLAMTUSH

 

Glamtush publishes the latest trends in fashion, beauty, and lifestyle, as well as those making the fashion world interesting and adorable.

RELEVANT PAGES

  • About Us
  • Advertise
  • Contact Us

REACH OUT

Do you have any news for us? Event Coverage, Press Releases or Adverts? Then reach out to us via glamtush@gmail.com or glamtush15@gmail.com

OFFICE ADDRESS

Lagos, Nigeria

Copyright © 2022 Glamtush

  • About Us
  • Advertise
  • Contact Us
  • Disclaimer
  • Glamtush – Nigeria News, Nigerian Newspapers, Naija News
  • Glamtush – Nigeria News, Nigerian Newspapers, Naija News
  • Terms And Conditions
  • Write for Us

© 2022 Glamtush

No Result
View All Result
  • Home
  • News
  • Beauty
  • Business & Brands
  • Entertainment
  • Fashion
  • Features
  • Lifestyle
  • Politics
  • Sports
  • Telenovelas
  • Events

© 2022 Glamtush