MSP COVID-19 Playbook: CHAPTER 4 Manage Cashflow UK

STABILISING CASH FLOWS DURING A CRISIS

The thing that keeps most business owners up at night is whether they have
enough cash to pay their employees and their bills. According to Invoicera, 68.9%
of business owners fear they’ll lose their business due to a lack of available cash
and 58.2% identify slow paying customers as their biggest challenge in managing
cash flow. You never know what economic crisis is around the corner, so it’s critical
to preserve cash and have a crystal-clear picture of your company’s financial
position day-to-day.