Tag Archives: Cash Flow
10 for 10: Cash Flow Tips to Implement in 10 Days
1. Invoice timely. When an order is shipped or a service delivered, invoice immediately. Set what I call Turnaround Times (TATs) on your AR or Billing staff to invoice within 12-24 hours, maximum. 2. Cut the Paper. Use electronic billing. Essentially, automate your AR and Cash Receipts cycles. Your cash receipts (cash, credit card, ach, […]
More InfoThe 7 Deadly Sins: The Worst Cash-Flow Mistakes Business Owners Make
Want to improve your business cash flow? Start by avoiding these 7 Deadly Sins. 1. Being a Bank. I mention this every single time I talk about Cash Flow issues. You must be active and attack your Accounts Receivables. Never be passive. One of the worst cash-flow killers, especially for growing businesses, is lack of […]
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