Why Cash is King – Looking Ahead to 2023

Despite a year of challenge and change there is cause for optimism looking ahead to 2023, and one positive sign is that the demand for asset finance has remained buoyant, reflecting the determination of UK businesses to keep pushing forwards. During times of economic struggle, having liquidity is important, and asset finance allows businesses to maintain a ‘cash is king’ mentality whilst still investing in their growth.

Why Cash is King

In the face of tough times, it is reassuring to see businesses seeking solutions and finding ways to grow and thrive. In an unpredictable landscape, cash flow continues to be king, providing the financial headroom necessary to ride the waves and manage the risks and crucially also facilitating the flexibility to seize opportunities in a timely manner.

In business the status quo is rarely sustainable – businesses are either growing, pivoting, or shrinking. To avoid the latter, keeping one eye on the future is essential, whether that’s investing in new technology, developing new products and services, securing new equipment, or developing the workforce.

While 2023 will not be smooth sailing, there will undoubtedly be opportunities to be seized. The flexibility and creative solutions offered by asset financing could allow businesses to protect their all-important capital while still investing in creating a successful future.

Find out how Dawsongroup finance can help your clients or your business by contacting them today, and how Dawsongroup’s Smarter Asset Strategy is the solution you never knew you needed.