EXPERT SPOTLIGHT - Free up cash flow for growth with Sarah Lochead-MacMillan - Episode 13 of Better Business, Better Life!

Cash flow can be a real issue for businesses... Especially with the current environment where we have some industries pushing out payments to up to 80 days. So what's stopping you from freeing up some cash to continue your growth initiatives?  Invoice financing is huge overseas in Europe & the US but many people don't actually know what it is in NZ, because it's not widely used.  Invoice financing is the process of releasing money from unpaid invoices, so that you can use that money to pay for things the business needs & Sarah Lochead-MacMillan, as the GM of Geneva is an expert in this area. For many of the businesses, they have to wait maybe 60 plus days to get paid. There are some wholesalers who work with supermarkets that can be waiting up to about 75 days to get paid. If you're paying your staff weekly, that is a mistiming of cash.  And you always have rent and power and bills like that to pay monthly.  If you don't get paid for two months, how do you find the cash flow?  Join me as I speak with Sarah about the pros & cons of Invoice financing & how you can use it to accelerate growth in your business. Sarah also shares her top 3 tips for businesses, which are simple but effective. Debra Chantry-Taylor Professional EOS Implementer | Entrepreneurial Leadership & Business Coach | Business Owner #betterbusinessbetterlife #entrepreneur #leadership