3 ways to increase Cash Flow

Cash flow is the MOST important part of any business.

Here are 3 things you NEED to be doing for the best cash flow:

1) Reducing costs.

Look at your expenses and find places to cut back.

Do this by:

• Reducing Employee Hours

• Reducing Supplier Costs

• Find Cheaper Solutions for Expenses

2) Increasing revenue.

Getting more money in is the most obvious way to improve cash flow.

Do this by:

• Increasing sales

• Finding new customers

• Adding new products or services

3) Improved billing process.

It’s important to make sure when billing customers you’re doing it quickly and accurately.

Be persistent with late invoices and give rewards for early payments.

How to have the best cash flow:

• reduce costs

• increase revenue

• improve billing process