Cashflow Tips

 

The CASHFLOW of your business is a result of your Cash IN and your Cash OUT. Each area affects the other and can massively affect how you actually feel about your business.

Cash comes in to your business through generating more sales, collecting money owed by your customers, putting money in from your own personal sources or putting borrowed money from a bank, a relative a friend and so on.

Cash goes out of your business by paying bills to suppliers and providers, by paying your people, by paying back loans, paying back yourself and from paying yourself.

The key with making your cash flow work for you is ensuring that there is more money coming in each week and month than is going out.

When running your small business you need to learn how cashflow works for your business and how to maximise your cashflow.  That way you can ensure you’ll put more money into your bank account and control or reduce how much is going out.

Check out the tips below on how you can improve the cashflow in your business

 

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