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Published on Apr 13, 2008
Before you systemise your business, before you grow your business, make sure you stop the cash flow leaks. Cash flow is how much money is coming in and coming out in a daily, weekly or monthly basis. Small businesses live and die on cash flow. This short video will show you simple strategies to manage and rapidly improve your cash flow situation!
1. Collect your accounts receivable with vigour. 2. Reduce inventory. 3. Reduce costs of goods sold. 4. Pay accounts slower. Ask for extended credit from vendors. 5. Learn how to increase your prices.