Inc. magazine managed to boil down the formula for improving your small business' cash flow into just one sentence: "Collect your receivables as fast as possible and slow down your payables without jeopardizing your relationship with suppliers."
Sometimes this is easier said than done, especially during the initial period after founding a small enterprise. During that time, entrepreneurs may have to tap into their savings, apply for loans or seek out other forms of funding. However, at some point, the company must begin generating enough of a profit to keep itself going during the period between covering expenditures (the outflow) and receiving revenue (the inflow).
Creating a strategic plan to streamline cash flow management
That's where putting together a strategic
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