Improve Cash Flow in Your Business
Cash is King!! We all want to improve cash flow but how do we do it? Having a good cash management strategy can mean the difference between making payroll, paying your suppliers or even yourself. Even profitable businesses can struggle with cash flow due to several factors such as not understanding the cash-gap, mismanaging accounts receivable, the invoicing cycle, poor planning and “just in case” management.
In this episode, Tony Malyk shares proven, real life strategies on how to overcome the major causes of a cash-flow crunch. You will learn how to get your money faster from customers and to plan for, and avoid a cash crunch by not tying up money in your the business from using “just in case management”. Tony also covers how to recognize if “idle assets” are typing up your cash. Learn how to manage your cash flow better and unlock cash in your business so you can make payroll, pay your bills without stress and live the lifestyle you deserve.