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A small business blog featuring tips to help entrepreneurs succeed in the small business world. Topics include family business, human resources, marketing, money, networking, operations, ownership, startup, taxes and technology.
Managing Business Cash Flow
Cash flow can be the lifeblood of any company large or small. Unfortunately many small business owners neglect to manage their cash flow properly.
Here are some tips from PowerHomeBiz.com on how to manage home business cash flow:
• Collect Payments Quickly
• Deposit Checks Fast
• Have a Super Tight Accounts Receivable Policy
• Disburse Your Money Slowly
• No Extra Money in Your Bank Account
• Get an Account Analysis Statement
• Inventory is Not Cash
• Don’t Forget Continuity Sales
• Licensing Agreements
Recommended Reading:
• Entreprenuer.com – How to Better Manage Your Cash Flow
• Inc.com – Cash Management Basics
• C.P.A. – Understanding, Planning & Managing Cash Flow
Related Small Business Buzz Posts:
• Small Business Scams
• Fair Tax Legislation
• Funding Request & Financial Information – How to Write a Business Plan : Part 5 of 8
• Avoiding Cash Flow Mistakes
• Overview – How to Write a Business Plan : Part 1 of 8
