Effective cash flow management is crucial for maintaining financial stability, and driving business growth. BBX's revolutionary approach to solving cash flow issues overcomes the negative effects of more traditional strategies.
—
Effective cash flow management is essential for the financial health and growth of a business. Recent research indicates that poor cash flow is a leading cause of business failures, with 82% of businesses closing due to cash flow issues. This underscores the importance of cash flow as a critical factor for sustainable growth, beyond mere turnover and profit metrics.
The groundbreaking alternative available from BBX can help avoid the side effects of traditional approaches to improving cash flow including:
Control Overheads and Stock Holding
The traditional approach is to keep operating costs in check by minimising unnecessary expenses.This includes efficiently manage inventory to avoid tying up capital in excess stock.The problem is, this makes vendors less responsive to customer orders, and can mean costs are higher due to loss of economies of scale.
Streamlining Invoicing and Credit Control
Businesses are encouraged to implement robust invoicing processes to ensure timely payments from customers, alongside monitor outstanding invoices and following up promptly on overdue payments. Particularly for smaller businesses, whilst good practice is likely to require dedicated or outsourced administration and debt recovery resources, which can result in substantial costs.
Negotiate Payment Terms
Accountants encourage engaging in constructive negotiations with both customers and suppliers.The idea is to seek favourable payment terms that balance cash flow needs without compromising margins. The problem is that, most customers and suppliers will expect some form of financial recompense for the improved terms, reducing margins.
Explore Financing Options:
Invoice financing and stock financing can provide short-term liquidity, some even taking the risk away, but the cost of finance can often get into double digit percentages. It also can result in loss of control of credit management processes to a more aggresive factor, leading to customer churn.
BBX's Circular Exchange is an innovative approach that turns all of this on its head.
Circular exchanges facilitate the exchange of spare goods and services between vendors, enabling them to use spare capacity to save costs and free up cash in the business.
All companies have spare capacity—whether it’s an under booked restaurant, an available tradesman, or surplus produce from a farmer. BBX help businesses monetise this spare capacity. Members can trade their unsold time, goods, or services within our network, allowing them to access what they need without immediate cash outlay. The problem with this apprach has always been to try and match the spare inventory you have to partners who need what you have and want what you have.
BBX offer an alternative by matching spare capacity to thir thousands of members, who in turn will have the goods and services a business needs like: accountancy, marketing services and logistics management. By selling at full price and receiving immediate payment, even interest-free credit, to facilitate business needs.
As these goods and services are purchased without the need for cash, a company could see an additional increase of cash in their business of 1/5th, and swapping them for high margin availability that would otherwise become redundant.
About the company: BBX UK is the "bank of spare capacity" for businesses in 11 countries around the world. In the UK we offer businesses of any size the opportunity to turn their otherwise worthless spare capacity into a new revenue stream without discounting. We operate through a franchised network of offices made up of regional or district brokerages. If you have business or sales / customer service experience and would like to be part of an exciting revolution in the way companies maximise their business potential call me to discuss the opportunities on offer.
Contact Info:
Name: Matt Harfing
Email: Send Email
Organization: BBX
Phone: 03334002014
Website: https://bbxuk.com/
Video URL: https://youtu.be/HdpcuB-wiUQ
Release ID: 89135160
If there are any deficiencies, problems, or concerns regarding the information presented in this press release that require attention or if you need assistance with a press release takedown, we encourage you to notify us without delay at error@releasecontact.com (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). Our diligent team is committed to promptly addressing your concerns within 8 hours and taking necessary actions to rectify any identified issues or facilitate the removal process. Providing accurate and trustworthy information is of utmost importance.
