Increasing cash flow is a goal for all business owners.
The Globe and Mail provides these tips.
1. Investigate loan options: Consult a lender to see if you’re eligible for a small business loan, which will help cover holes in your budget.
2. Offer incentives: Whatever your product, offer customers incentives for purchasing. This will help business growth, and give you more cash on hand.
3. Pay bills when they’re due: It’s tempting to pay bills as soon as you receive them, but waiting until the day they’re due ensures you have cash flow should you need it.