How to get paid on time, every time
Posted by Mikkel Hippe Brun in Finances on Wed, 14/09/2011 - 10:02
- Make sure that you have clear payment terms and that they are enforced
- Take a good look at your invoicing processes – is there a more efficient way to be doing it?
- Do your utmost to have good relationships with other businesses
Mikkel Hippe Brun shares his top five tips for ensuring your cash flow doesn't dry up and you can paid what you're owed.
Cash flow is the lifeblood of a company, when it stops pumping you’re in serious trouble. But every minute you spent managing cash flow is another minute spent not making a sale or focusing on your core business – for small businesses this can be a difficult juggling act at the best of times. The ultimate goal for any business has to be making managing cash flow as easy as possible to make sure it gets paid without detracting from its purpose.
Here are five ways to make sure you’re on the right track:
Here are five ways to make sure you’re on the right track:
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