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6 answers to Small Business Problems: Dealing with the Christmas cashflow issue Part One

Tom Winnifrith Thursday 6 December 2012

 

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As it happens Christmas is a good cashflow month for my business in that away from the media side we own a restaurant – the awesome Clerkenwell eaterie that is the Real Man Pizza Company. Driven by our cracking Christmas menu (which you can read HERE ) bookings are strong. We still have some vacancies so if you need a meal or a party venue you can still contact us HERE but we know that there is enough cash coming in to pay the bills. But for many other businesses that is just not the case. Christmas can be a nightmare. Not only do you have ten days when more or less everything is shut so revenue is nil but in the ten days leading up to Christmas everyone else seems to drunk ( or out of cash) to pay their bills. Yet your staff and other supplies insist on getting paid for a full month. Sods. This can cause a cashflow issue. So how to cope?

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About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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