{"id":2230,"date":"2020-07-22T13:58:28","date_gmt":"2020-07-22T12:58:28","guid":{"rendered":"https:\/\/kirkwoodwilson.co.uk\/?p=2230"},"modified":"2020-07-22T13:58:28","modified_gmt":"2020-07-22T12:58:28","slug":"future-proofing-your-business-with-kirkwood-wilson","status":"publish","type":"post","link":"https:\/\/kirkwoodwilson.co.uk\/future-proofing-your-business-with-kirkwood-wilson\/","title":{"rendered":"Future-proofing your business with Kirkwood Wilson"},"content":{"rendered":"<p>Here at Kirkwood Wilson, we\u2019re a \u2018glass half-full\u2019 bunch. We focus on the positives, regardless of what life might throw at us or our clients, we always search for every positive where we can. However, since the outbreak of Covid-19, there\u2019s no denying that we\u2019re living in unprecedented times. Factor in Britain\u2019s departure from the EU and the future for many UK businesses is looking a little scary.<\/p>\n<h2>The importance of planning<\/h2>\n<p>Now, more than ever, it\u2019s imperative to plan for the future of your business. We\u2019re not suggesting that we get out a crystal ball &#8211; no one can know exactly what\u2019s around the corner &#8211; but what we can do is plan for most eventualities.<\/p>\n<p>There are 2 main considerations for this:<\/p>\n<ul>\n<li>Business continuation<\/li>\n<li>Cash flow.<\/li>\n<\/ul>\n<p>By now, with the nudge-along from Covid-19, a lot of businesses have taken a large part of their operations into the cloud, which we\u2019re very proud to say we\u2019ve helped many clients get stuck into the digital world. This means that for a lot of businesses, say hypothetically if a total lockdown were imposed again, some of these businesses could continue as normal (or as much as possible) throughout this next period. Apps and <a href=\"https:\/\/kirkwoodwilson.co.uk\/service\/digital-accounting\/\">digital accounting software<\/a> have enabled so many people to be unleashed from the power of paper \u2013 hurrah!<\/p>\n<h2>The importance of cash flow management<\/h2>\n<p>The other important consideration is cash flow. It\u2019s one of the things that we, as accountants, live for (and go on and on about \u2013 a lot).<\/p>\n<p>Think of cash flow as a lovely plant. Get it right and your business will flourish. Get it wrong and your once lovely plant will wither and die \u2013 how dramatic! Your business grows, you grow. You\u2019re happy, we\u2019re happy!<\/p>\n<p>In the most basic sense, you need to make sure that you have more money coming in that you have going out. This is the crucial point of cash flow management. Understanding how your cash flow is doing can help prevent issues like buying in too much stock, general overspends, and long payment terms. By getting on top of your outgoings means you will naturally have more money available should the worst happen.<\/p>\n<p>Here are some of the positives of staying on top of your cash flow:<\/p>\n<ul>\n<li>You will be able to make informed decisions about your business<\/li>\n<li>There will be funds available if you encounter any unexpected glitches (like say, a pandemic!)<\/li>\n<li>You will naturally feel more in control of your finances, which in turn will make you happier and more positive<\/li>\n<li>You will be able to spot any issues in cash flow, i.e. when you might have cash in abundance or when cash might be a bit tight.<\/li>\n<\/ul>\n<p>Good cash flow management will help you future-proof your business, making it crucial for helping you to nurture your business.<\/p>\n<h2>How WE can help YOU<\/h2>\n<p>At Kirkwood Wilson, we help our clients take back control of their business. We don\u2019t just work for you, we work with you and help you thrive. We are providing cash flow forecasts more and more, enabling business owners to put the right plans in place for them (taking away all guessing and not just what they can afford today).<\/p>\n<p>We want to help businesses better manage their cash flow \u2013 do you need help? We want to help people grow, raise their ambitions and realise their potential. It\u2019s what we do, it\u2019s what we\u2019re good at, and it\u2019s what we\u2019re passionate about.<\/p>\n<p>Don\u2019t look at where you\u2019ve been, look at where you\u2019re going, and we\u2019ll help you every step of the way. <a href=\"https:\/\/kirkwoodwilson.co.uk\/contact\/\">Get in touch<\/a> with us today to learn more about how we can help you.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here at Kirkwood Wilson, we\u2019re a \u2018glass half-full\u2019 bunch. We focus on the positives, regardless of what life&#8230;<\/p>\n","protected":false},"author":2,"featured_media":2594,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[21,11],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Future-proofing your business with Kirkwood Wilson<\/title>\n<meta name=\"description\" content=\"Be ready for anything with us. 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