The ongoing credit crunch and the Great Recession should have reminded small business owners of the importance of cash. And more specifically, the need to have adequate cash on hand. At Open Forum, Judith Aquino offers up five important pieces of advice for making sure businesses have a well managed cash flow system:
Get organized.
Offer “carrots” for early or pre-payments.
Give bad customers the boot
Tighten credit requirements.
Review your expenses.
Read details for each of these tips here.
Posted
02-28-2011 9:17 AM
by
Graham Griffith