How To Keep Cash Flowing

Here’s How To Keep Cash Flowing: 

• Know your expenses and the costs and impacts of what you’re offering and the profit margins on your products or services.

• Bundle your products and services.

• Create back-end products or services.

• Encourage repeat customer or client business.

• Pre-sell your products or services.

• Stay within an established budget.

• Periodically re-evaluate your expenses including what you're paying for services like office cleaning, credit card usage, long distance calls, liability insurance, etc. Make sure these costs are not rising any faster than they should.

• Hold off on any major electronics purchases for as long as reasonably possible, since the prices on electronics decline over the months.

• Use credit responsibly.

• Beware of hidden fees.

• Keep track of any long-term contracts you have to make sure that you're not being billed too much for standing services.

• Watch out for any policies that automatically renew.

• Buy in bulk.

• Use your discounts and other rewards.

• Give special consideration to your customers who pay early and in full.

• Bill quickly. Invoice before, or immediately after, performing a service.

• Invest in your growth and the growth your business.

• Spend money to market your business.

• Invest in your own learning.

• Have sources of contingent funding including personal assets, lines of credit, and friends and family.

• Sell or retire excess and obsolete inventory or equipment.

• Boost sales with creative sales incentives.

• Hire me as your business coach and leadership coach to advise, guide and inspire you.

P.S. Anything else YOU would add? 

The author, Dr. John B. Charnay, CEO of Charnay and Associates in Greater Los Angeles, is a leading business development consultant and business coach specializing in helping businesses to grow and keep cash flowing, and allowing entrepreneurs to become truly successful, realize their fullest potential, be more creative and innovative, turn their ideas into realities, and attain all of their dreams. He is also a creativity, life, success, manifestation & career coach; a top fundraising, marketing, p.r. and social media consultant...and a movie and television producer and editor/writer. To meet him and get his assistance, invite him to be LinkedIn (email in profile) and contact him today!