Maintaining Cash Flow

Written By Nicole Denison

Cash flow issues can make or break a small business. Here’s how to keep the cash flowing smoothly:

  • Invoice Promptly: Don’t delay sending out invoices, and make your payment terms clear.

  • Incentivize Early Payments: Offer small discounts for clients who pay early.

  • Monitor Expenses: Keep a close eye on where your money is going and identify areas to cut costs if needed.

  • Build a Cushion: Aim to have a financial cushion to cover at least three months of expenses.

Nicole Denison
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