This week for Simply Cashflow’s News Weekly were feeling very international bringing all you lovely folk cashflow news from around the globe!
Being in business we all know that cashflow can be a challenge and the sports sector is no different. In the news this week Australian Rugby has reported declining cashflow – crikey mate!
The slump in cashflow comes from a lack of funds, which were available during the games golden period, but are no longer around as shown by last year’s reduction in match fees.
But don’t be too worried just yet! Former Wallaby player and legend Phil Waugh is remaining optimistic about the future of Australian Rugby. He says its global appeal along with the fantastic travel opportunities it offers players will be enough to see players like Folau and others to stay in Australian Rugby – beaut news! To read more click here
Now moving onto India, talks seem to be directed at the agricultural sector and the need to introduce a package to help farmers with cashflow. The suggestion comes from Arundhati Bhattacharya, State Bank of India chairperson. She stresses the importance of cashflow saying “Cashflow needs to come into the country in a big way… if you don’t have cash and liquidity you are going to get into trouble.” For more details click here
Finally, up to the Scottish highlands where sadly a Scottish hotel chain went into administration due to cashflow issues. However, new management is set to take over the chain and the outlook looks bright! We wish them good luck! To find out more click here.
As you can see, forecasting and looking after your cash flow is critical to everyone whether it be within the sports, farming or leisure sector and wherever you are in the world – It’s a must to plan and update our cash flow forecast regularly!
We hope you enjoyed this week’s Cashflow Weekly globe style news and we look forward to seeing you again next week! However, if you can’t wait that long to hear from us again you can chat with us on Twitter! @SimplyCashflow