Cash Flow Challenges and Solutions for Small Businesses with Jamie Beaumont

Grown UP Business

In this insightful episode of The Grown UP Business Podcast, host Paul Avins sits down with Jamie Beaumont, the CEO of Playter, a company revolutionizing the way small businesses manage their cash flow. Jamie shares his journey from the recruitment industry to founding Playter, highlighting the challenges and solutions small businesses face when dealing with cash flow issues.

The conversation dives deep into the common cash flow problems that many entrepreneurs encounter, such as late invoice payments and difficulties in securing funding from traditional banks. Jamie discusses how Plata's innovative financial solutions are designed to help businesses pay their bills later and get paid faster, thereby easing the cash flow crunch.

Whether you’re a startup struggling with liquidity or an established business looking to optimize your cash management, this episode is packed with practical advice and real-world examples that can help you navigate the financial hurdles in your business.

Highlights:

- The importance of managing cash flow for business sustainability.

- Jamie’s personal journey from a recruitment entrepreneur to the fintech space.

- Common cash flow challenges faced by small businesses.

- Innovative solutions Plata offers to help businesses manage their finances more effectively.

- The role of technology in streamlining financial processes for SMEs.

Quotes:

Paul Avins:

1. "I think it can be really confusing sometimes to be an entrepreneur because you look at the data, and even though your business might be turning a profit on paper, there's very little cash in the bank at the end of the month."

2. "The ability to access capital quickly is a skill, and the power of your network plays a crucial role in finding solutions that traditional banks often overlook."

Jamie Beaumont:

1. "We want to leave every business at the end of every single month with more cash in their bank to do whatever they want to do with, whether it's investments or just peace of mind."

2. "Our mantra is to help slow the flow of money leaving your business and help speed the flow of money coming in, providing a more stable cash flow for small businesses."

Follow and connect with us:

- Follow Jamie Beaumont on [LinkedIn](https://www.linkedin.com/in/b2bbnpl/)

- Connect with Paul Avins on [LinkedIn](https://www.linkedin.com/in/paulavins/)

- Learn more about Plata and their financial solutions at [Playter's Website](https://www.playter.co)