Partner Article

Cash Flow Management Tips - Small Business Owners

How often do you look at the money going out and the money coming into your business and see a negative figure? How often do you have too much month left at the end of your money? Do you regularly worry about how you’re going to pay the bills or pay yourself? What do you stop doing or put off doing because of this?

One of the biggest problems I see with women (and men) who run small service- based businesses, particularly in businesses where you as the owner and business leader are the only provider of your service……….. is how to ensure consistent cash flow. So that you don’t experience the peaks of cash coming in whilst delivering/earning, and the troughs of cash stopping as service delivery ends. This is a cycle that many business owners (including experienced practitioners) get themselves into.

The way to deal with this is first to recognise it as a (potential) problem, then to manage your cash flow rather than have it manage you! You can do this by reducing your costs i.e. the money flowing out. However my focus here is on how to increase your business i.e. the money flowing in.

Here are my Top Tipson how to manage your cash flow by increasing the cash flowing in.

This was posted in Bdaily's Members' News section by Julie Johnson, The Success Club .