Tips to Ensure a Positive Cash Flow
One of the leading causes of business failure, particularly among small businesses, is poor cash flow planning. It is imperative that a business have sufficient cash on hand to pay bills, meet emergencies and to invest back into the business to ensure growth. Knowing that you will have lean months when sales are slow is an important aspect of planning in terms of putting money aside, but it isn’t the only thing you can do. You can also: 1. Aggressively collect accounts receivable. If you have a customer who has not paid on time, you need to follow up and secure payment.