Aug 17, 2020
Welcome to this episode of ScaleUp Radio.
This week, we’re talking about something called the Cash Conversion Cycle, and looking at cash acceleration strategies.
Kevin Brent is joined by 4 great business owners for this special episode:
David Lincoln-Lewis from Industrial Switchgear
Clare Vale from Sign Solutions
David Lines from Unique IQ
Nigel Busby from InControl Marketing
Cash is one of the key pillars when it comes to scaling up your money. Businesses are constantly monitoring the cash, and ways to increase it.
As the saying goes “Turnover is vanity, profit is sanity - but cash is reality”
So - with the Cash Conversion Cycle, which refers to the number of days that cash is ‘caught up’ in your business, we wanted to delve a little deeper.
The panel will discuss the cycle - and the four cycles within the Cash Conversion Cycle. They are:
- The Sales Cycle
- A Produce Cycle
- Delivery Cycle
- Billing & Payment Cycle
Every business’ cycle might look a little different, but we all have these four.
So - how do we go about shortening that cycle - to go from the sale to the payment?
Kevin and the panel use a particular tool, that they will go into more detail about in the episode, that will help either speed the process up, cut down on errors or change the system entirely for your company.
There is so much for you and your business in this episode.
Enjoy.
Clare Vale can be found here:
David Lines can be found here:
David Lincoln-Lewis can be found here:
www.industrialswitchgear.co.uk
Nigel Busby can be found here:
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