Steady Cashflow in Shaky Times: How to Keep Your Business Thriving

Let’s face it, the economic climate right now isn’t exactly smooth sailing. With rising costs, inflation, and ongoing uncertainty, keeping a close eye on your business cashflow has never been more important.

At IJC Finance, we’re here to help you take control of your numbers, even when the world feels a little wobbly. One of the best ways to do that? Embracing smart cloud tech and making a few savvy tweaks to your financial habits.

Why is cashflow so important?

Your business can’t run without cash coming in. It’s that simple. You need enough income to cover outgoings, pay your team, settle bills, and ideally, make a profit!

But in tougher times, people spend less. Customers tighten their belts, suppliers cut costs, and your income may take a hit.

That can lead to:

• Lower income than expected

• Struggles to pay bills or wages on time

• Difficulty managing overheads

• In worst cases, real challenges in keeping the business going

What can you do about it?

Here’s the good news – there are practical steps you can take right now to safeguard your cashflow:

Go cloud-based with your accounting

Cloud software like *Xero and FreeAgent gives you up-to-the-minute visibility over your cash position. With real-time data at your fingertips, you’ll always know where you stand, no more guesswork or outdated spreadsheets.

Add forecasting tools

Both Xero and FreeAgent integrate beautifully with forecasting apps, helping you spot cash gaps before they become an issue. That means you can plan ahead, take action early, and sleep a little easier.

Plan for the dips

If you can see a slow month coming up, don’t wait for the crunch. Think ahead about financing options, like extending an overdraft, applying for a business loan, or exploring invoice finance. Acting early gives you more options and less stress.

Trim what you don’t need

Review your expenses. Are there savings to be made? From switching suppliers to pausing non-essential spending, a little cutback here and there can make a big difference.

Check your pricing and sales strategy

Raising prices might feel scary, but it could boost cashflow without needing more sales. It’s about finding the sweet spot where your value shines, and your customers still feel looked after.

Keep an eye on your numbers (often!)

Checking your cashflow once a quarter isn’t enough when times are tricky. Make reviewing your reports a regular habit, weekly if you can. The more informed you are, the better decisions you’ll make.

Need help getting started?

We work with small businesses every day, helping them set up systems that make cashflow feel less like chaos and more like calm control.

Let’s have a chat about your setup, whether you’re using Xero, FreeAgent, or looking to switch. We’ll help you get the most out of your software, tighten your processes, and make confident money moves.

📞 Call us on 01621 738084
📧 Or drop us a message at:-  enquiries@ijcfinance.co.uk
🌐 Visit our website – *Click the tab called ‘Software we use’  to see our full list of recommended cloud software.