Funding your scale up plans
As the countdown to the new year continues, here are some more of our must do steps to ensure you weather this economic storm and become one of the winners in 2025.
With rising costs and shifting regulations, focusing on your financial health and setting up strong systems now will make all the difference in navigating 2025 with confidence. This means taking proactive steps to safeguard your cash flow, streamline operations, and protect your margins.
Begin by clarifying your credit management process. Make sure everyone knows their roles, and align your timelines with updated financial rules. Automating payment reminders can save you time and improve collection efficiency. Regularly updating your cash flow forecast weekly if possible will keep you in control of your finances and help you spot any red flags early.
It’s also a good time to review payment terms and your terms & conditions. These should account for any potential delays or disputes. Don’t be afraid to hit pause on work or supplies if it’s not financially sustainable, protecting your cash flow should always be a priority.
Using tools like Float can give you a clearer picture of your cash flow, helping you spot risks in advance and make better decisions for the future. Double-check that all service contracts are signed, conduct credit checks for new clients, and adjust pricing to reflect rising costs or inflation.
You should also be taking a closer look at your customer list. If certain clients are consistently late payers or too demanding, it might be time to re-evaluate their value to your business. On the supplier side, try renegotiating discounts based on performance or volume to help offset increasing costs.
By taking these steps now, you’re setting your business up for success. It’s all about staying proactive, protecting your financial health, and making sure you’re ready to tackle whatever 2025 brings.
Funding Your Scale Up Plans
We have had the privilege of working with numerous scale up businesses, and one common challenge many face is securing the right funding to fuel their growth.
Scaling up is an exciting yet demanding journey, requiring not just vision but also the right financial support.
Here are some key strategies to consider when funding your scale-up plans:
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As always, if you have any questions please don't hesitate to get in touch with one of the team.
Best Wishes,
The Team at Chalkhill Blue