Are you familiar with cash flow?
Do you know why cash flow is crucial to your business?
Have you minimized your overheads?
- 7 tips to reduce business overheads
Are you streamlining your accounts receivable?
Do you have a good process for chasing payments?
- What you can do about non-paying clients
- How to collect payments from any client
Have you minimized your other expenses?
Have you thought about outsourcing?
Have you arranged good terms with your creditors?
Are you on top of your accounts payable?
Are you being smart about your inventory?
Have you considered just-in-time inventory?
Are you forecasting your cash flow?
Are you tracking your cash flow?
Congratulations!
If you've implemented all the advice in this guide, you're well on your way to managing your cash flow. But don't rest on your laurels; you'll need to revisit your cash flow regularly to stay on top!
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