Manage your cash flow

Increase your sales through customer feedback, the 8 best ways to ask for payments and how to stay on top of your cash flow.

First, you’ve got to make sure you’ve got more money coming in than going out. Money also needs to come in on time, so you can pay suppliers and invest in new stock.

Having access to cash also gives you better buying and negotiating power, which could save you money long-term.

Anticipating any shortfalls in funds is important too, as this allows you to make contingency cash flow plans such as extending credit.