Case Study
Mastering Expense Management and Cash Flow for 2021 and Beyond
Mastering Expense Management and Cash Flow for 2021 and Beyond A study into client project management practices across the professional services sectorIt’s easier to launch and sustain a small business during prosperous economic times. After all, work is more likely to flow in, and it’s less of a challenge for clients to pay the market rate for services. However, small businesses in 2020 did not get the luxury of operating in prosperity. Even in the best of times, 29% of small businesses fail due to lack of capital and cash flow. This year, many found themselves having to get very creative to keep client work coming in and make sure they could pay their bills. During difficult times, being forward-thinking and keeping a careful eye on your cash flow and expenses can be what