Cashflow is money that is moving in and out of your business each month. Cash is coming in from clients (customers) when they buy your products or services. Cash goes out of the business whey you pay for rent, employees, and utilities. Trying to maintain your cash flow can be a daunting task. To help you solve this problem I am providing 12 ways to increase your cash flow.
#1 Invoice Immediately
#2 Get It in Writing
#3 Include a Specific Due Date on Invoices
#4 Use Electronic Invoicing
#5 Charge Late Fees
#6 Offer Incentive for EARLY Payment
#7 Do Not Pay Bills Early Pay On Time
#8 Hire a CPA
#9 Obtain a Line of Credit
#10 Sell Your Invoices (When Hurting for Cash)
#11 Use Periodic Payments
#12 Review Your Cash flow Weekly