On average, over 627,000 new businesses open each year. Unfortunately, about 400,000 businesses also close their doors for the final time. So why is it that that majority of businesses fail? Well, the number 1 reason revolves around cash flow. In fact, 82% of failing businesses listed cash flow as their main challenge. How does that happen?
Positive cash flow doesn’t just happen. It is a result of strategic planning, constant operational reviews, and countless hours of completing and tracking daily tasks that are designed to close deals. To put it plainly, positive cash flow is the result of having (and following) a plan.
With the uncertain times 2020 has brought, the challenge to survive is even greater. That is why some organizations are turning to SalesLift Consulting.
Based out of Annapolis, Maryland, SalesLift is partnering with small businesses across the country to help them create, implement and monitor a plan that focuses on helping their business achieve their potential. They provide tools that enhance sales enablement while combining them with processes and workflows to improve sales operations. SalesLift has also realized that the success of the sales team is not a product of isolation. It is a collaborative effort that includes marketing, finance and even human resources. That is why SalesLift has made sure to bring on team members who excel in those areas.
We are all hoping for a resolution to this unimaginable time. We long for the days of normalcy. But if this pandemic has taught us anything, it has taught us that we need to have plans in place. Not just in our personal lives but also in our businesses.