Cash. A small word that is massive to a business. If your cashflow is bad, it can drag the whole business down faster than most other things.
Consider doing some practical things to help your cashflow get better. Formulate a credit policy. Communicate it to your customers, they are more likely to pay you on time if you tell them what your terms are!
Try automating your reminders and do not be afraid to stop credit if a customer is not paying.
If you need practical advice that WORKS, give us a call.
Datasift – helping you make cents of your data