Your company is facing financial uncertainty. How do you decide where to allocate your cash outflows?
In times of financial instability, deciding where to allocate cash outflows is critical. Here are some strategies to ensure your company remains solvent:
- Review and prioritize expenses. Cut non-essential spending and focus on core business operations.
- Extend payables where possible, negotiating longer terms with suppliers to maintain liquidity.
- Boost receivables by incentivizing early payments from customers, improving cash inflow.
How do you manage cash flow when the waters get rough? Share your strategies.
Your company is facing financial uncertainty. How do you decide where to allocate your cash outflows?
In times of financial instability, deciding where to allocate cash outflows is critical. Here are some strategies to ensure your company remains solvent:
- Review and prioritize expenses. Cut non-essential spending and focus on core business operations.
- Extend payables where possible, negotiating longer terms with suppliers to maintain liquidity.
- Boost receivables by incentivizing early payments from customers, improving cash inflow.
How do you manage cash flow when the waters get rough? Share your strategies.