Cash flow, the lifeblood of business, is often a challenge when business is going well. It’s even more of a challenge during these current circumstances with lockdowns, shutdowns and people staying at home.
My 5 tips for today to help you through the next few weeks:
1. Make lists of what you need to buy
My parents are both 94 years of age and between my sister and my husband we’ve been doing their food shopping for them. They have always written shopping lists for as long as I can remember.
But what’s really interesting, is they told me the other day that they are spending less money than usual. Why? Because even though they’ve shopped with a list, when they’re in the shops themselves, they’ll see something that wasn’t on the list. It may be something that they need. Or it may be something they think they could have that for lunch one day for a change. So each week, they’d buy more than was on their list.