The Highs & Lows of Cash Flow
Between managing company finances, meeting taxation requirements and keeping your staff paid, as well as running a profitable and competitive business, managing a small business can certainly be a big job. It’s easy to get caught up in the day-to-day operations of the business and neglect your overarching responsibilities, but we must ensure we don’t fall into this trap, as this often leads to a downward spiral which can be impossible to recover from. Managing your cash flow properly will go a long way to helping you stay on top of the ongoing taxation and employee obligations in your capacity as director. As an accountant, you should be communicating regularly and clearly with your clients to ensure they fully understand their cash flow position and cash forecast for the next few months.
It is very apparent that the Franchising Code of Conduct is blatantly obsolete, and franchisees are the ones suffering. Many franchisees are trapped in suffocating and unprofitable franchise agreements, turning their dream business opportunity into a nightmare. We represent a number of franchisee’s in their fight against subpar franchisors and their unfair business models. If you are suffering due to your franchise agreement or your franchise conditions, we can assist.
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