How Do you - Kick Start your poor Cash Situation

If your cash is starting to run out, then it’s time for drastic action. If your cash is flowing out faster than it is coming in - you have a problem.

This situation can occur for a number of reasons. It could be a sign, for example, that your business is growing faster than you can control. It could be that a customer who owed your business a great deal of money has gone into liquidation thereby losing you, say, $50,000 of cash you were expecting to receive the following week. Cash shortage can be due to many reasons.

If your business is experiencing a poor cash liquidity situation, there are steps you can take to generate some quick cash, as well as reducing your costs.

Some of these include:

1. See your bank.
   See your bank about extending your overdraft accommodation or giving you a line of credit. As your needs are probably only temporary, this extra accommodation for working capital could make the difference.
   
   
2. Hold a fire sale.
   Put together all the stock you want to quit and turn into quick cash by offering substantial discounts or other incentives.
   
   
3. Lease equipme...

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