2.Borrowing
Your cashflow forecast may indicate that you will have a cashflow dip at some point in the future. If this is a temporary dip then borrowing is the way to go. If the forecast doesn’t indicate this is temporary then borrowing is not the best route.
A longer term cash flow dip indicates that the business is potentially not viable and borrowing won’t be the best solution. However a short term dip can be filled with borrowing a forecast will help you raise these sort of funds.
Sources of finance
When youa are looking for finance consider the following sources:
- Friends of family
- Overdraft
- Loans
Inject More Cash Into The Business
If your business is struggling then you may have to find the cash from friends,family or if you have any of your own money – put this cash into the business temporarily but do so, knowing the risks. If the business fails, it’s unlikely you will see this cash again.
