Working capital management is crucial for the financial health and sustainability of small businesses. It involves managing a company's current assets and liabilities to ensure smooth operations and meet short-term financial obligations. The 'Professional Certificate in Working Capital Management for Small Businesses' is essential to equip professionals with the necessary skills and knowledge to effectively manage working capital in small businesses.
The demand for professionals with expertise in working capital management is on the rise in the UK, as small businesses face increasing financial challenges. According to a recent survey by the Federation of Small Businesses (FSB), 60% of small businesses in the UK struggle with cash flow issues, highlighting the need for better working capital management practices.
Statistic |
Value |
Percentage of small businesses facing cash flow issues |
60% |
Number of small businesses in the UK |
5.9 million |
Annual cost of late payments to small businesses |
£2.5 billion |
By completing the 'Professional Certificate in Working Capital Management for Small Businesses', professionals can help small businesses improve their financial performance, reduce cash flow problems, and ensure long-term success in the competitive business landscape.