Manage Your Cashflow

Manage Your Cashflow

Cashflow is the beating heart of your business. Manage your cashflow poorly and no matter how profitable you are you can quickly find yourself battling irate calls from your suppliers.

Be tough on management of stock so you don’t have cash tied up on the shelf instead of sitting in your bank account. Be tough on overheads by regularly reviewing your costs to avoid wasting cash. Be tough on overdue invoices by ensuring clarity on your payment terms and conditions. Have process in place to identify late payers and don’t be afraid to pick up the phone and chase for payment.