Entrepreneurs’ Guide to Better Cash Flow
“I will gladly pay you Tuesday for a hamburger today”
-Wimpy, character from the cartoon Popeye
Cash flow is the lifeblood to any business, but it is of particular importance to an entrepreneur or sole practitioner.
Sales are certainly important, but if you do not have the money stream to fund your operation, all the sales in the world are not going to help you.
If your customers pay you cash up front, great! However, you may feel that you must give customers credit in order to remain competitive. This can work well, but you have to give credit in a way that protects your business.
Here are some ways to improve cash flow in your small business:
Marilyn “Mara” Miller is an entrepreneur and an advocate for small businesses.
In the end, it all comes down to how well you manage the process of being paid. Your cash flow is really under your control. So take control, and watch your business grow!
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Marilyn “Mara” Miller is committed to small businesses. For over a decade, she has been a strong advocate for her clients. She not only helps customers recover money due to them, but also works to strengthen their credit practices and procedures.
Marilyn is founder of M3 Consultants, which helps small business owners improve their cash flow through better credit practices.
