Everyone says that a man with money is a strong man, and we all know thats true. You cannot have a successful business man without a suitable cash flow. If this secret is so well known, why are so many struggling businesses? When running the daily aspects of a business this kind of things, money aspects, are not so clear. We will present you 7 tips to help you improve your income.
1. Cash and Carry. Try to build a business based on cash and carry system and stay far away from worries about receivables. This is the best business plan, where customers pay when they buy leaving you only with the money. Collecting money takes a lot of your time, thats why you are almost obligated to come with new options of paying. Set your rules from the start of your business, so your partners and clients will know what you want from them.
2. Collect receivables in a very strict way. Dont let the customers pay you when they remember, go and collect your money in time. To be a good administrator of your business means to have a successful business, so create and apply a set of collecting rules. Longer wait for receivables, harder becomes collecting them. You dont need a rude attitude...
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