According to Intuit's 2024 Business Solutions Report, 51% of small businesses with the goal of fast or steady growth are having trouble streamlining systems and operations to get to growth.
Nearly half of growing small businesses (44%) are still struggling with cash flow, and 40% have had to dip into cash reserves to cover shortfalls.
To avoid late payments, be clear about your payment terms, stick to a consistent invoicing schedule, and make it easy for customers to pay.
Building up a solid cash reserve is essential for protecting your business and providing the flexibility needed to take risks that drive growth.
#business-growth #cash-flow-management #small-business-challenges #scaling-strategies #financial-planning
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