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Improving your cash flow: part 3

There are several ways of improving your cash flow.  We have come up with 30 simple ways that could help you.  We have given you the first 10 reasons and the second lot of 10, here are the final 10:

21) Budget your spending.  This will help make informed decisions about what to spend and what to save.  

22) Keep your money for a rainy day.  You never know when you might need a contingency.  Always have a back-up plan. 

23) Is your business account separate? Having all your transactions in one place will make everything much easier to manage.  

Read more: Improving your cash flow: part 3

Improving your cash flow: part 2

There are several ways of improving your cash flow.  We have come up with 30 simple ways that could help you.  We have given you the first 10 reasons, here are another 10:

10) Manage your stock levels and keep a record of them.  Sitting on warehouse shelves is where they do not make money.  

11) Think about invoice factoring and draw funds against the money owed to your business.  Remember to do your research. 

12) Deposits your payments to the bank promptly.  Make sure you get your money into your business bank account as soon as possible.   

Read more: Improving your cash flow: part 2

Improving your cash flow: part 1

There are several ways of improving your cash flow.  We have come up with 30 simple ways that could help you.  Here are the first 10:

1)  Invoice customers promptly whilst the service is fresh in their mind for a quicker payment. Set aside time each week to create and distribute invoices.

2)  Focus on Cash Management.  Examine accounts payable and receivable, create conditions and look for any imbalances.

3)  Keep an eye on payments.  Monitor your customer’s habits, this will allow you to learn when they need to be prompted for payments.

Read more: Improving your cash flow: part 1