Raise your hand if cash flow gives you recurring nightmares.

By: A Staff Writer

Updated on: Jul 30, 2024

Raise your hand if those two words – cash flow – send shivers down your spine 🙋‍♀️🙋‍♂️ Managing the ebb and flow of money in your business is stressful! From chasing payments to forecasting expenses…it can keep you up at night.

Cash flow worries are a totally normal part of being a business owner.

Even established businesses grapple with managing their cash flow effectively.

Do This, Instead:

• Get a handle on your numbers: Track your income and expenses diligently to get a clear picture.
• Invoice promptly: Set clear payment terms and follow up on late payments.
• Forecast your cash flow: Create projections to anticipate potential shortfalls or surpluses.
• Consider a line of credit: This can provide a buffer for unexpected expenses or slow periods.

What’s your top tip for managing cash flow? Share your wisdom in the comments!

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