Is cashflow starting to strain your business? This piece from York Press has some advice that might just help you out with that. It’s called How to Manage Cashflow In Your Business.
There are a lot to learn from this one. Here are three that we can share with you right now:
For businesses that struggle to keep up a consistent inflow of cash, late payments are often the main offender. Tightening up your invoicing processes can help. On a similar note, you may be able to negotiate favourable payment terms with your own suppliers to ease the pressure on your business. Another approach that many will have already taken this year is to cut down on your spending where possible. Look for unnecessary costs, assess your stock levels.Nadia Jefferson-Brown
Want more? Then give the rest of the article a read at this link to YorkPress.com.