3 Ways to Avoid Cash Flow Woe

I think the following raises some excellent points about Cash Flow. I’ve included a few of the highlights for you to get the gist of the article:

For a business to run efficiently, it needs to move money in and out. How can you successfully balance your books and make future predictions about your business if you don’t have an accurate picture of your finances?

Use these three tips to revitalise your finances and get your cash flowing again.

1. Check and Recheck Credit Ratings

There is such a thing as being too trusting, especially when trying to run a business. Many companies encounter problems when they fail to carry out credit checks on new customers, partners or suppliers.

If you’re about to sign a major contract, you need to know the client will be able to pay its bills. Listen to the buzz in your industry, look into other people’s finances and trust your gut. The last thing you want is to find yourself with overstock or an obligation you can’t fulfill because you put your trust in someone unreliable.

What do you think? Maybe you’d like to read on? Check out the full version here… https://www.intuit.com.au/r/money/3-ways-avoid-cash-flow-woe/ then give me a call to discuss how this might impact your own business: (0400) 032-110. Alternatively, email me at [email protected].

Thanks,

Bill Mitchell