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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
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