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Cash Flow 101: How to Keep Your Business Financially Healthy
Break down the basics of cash flow management and why it’s critical for small businesses. Strategies to optimize cash flow, such as invoicing best practices and expense monitoring.
Melissa Sevcik
11/21/20241 min read
Cash Flow 101: How to Keep Your Business Financially Healthy
Cash flow is the lifeblood of your business—without it, even profitable businesses can fail. Here’s how to keep it flowing smoothly:
Invoice promptly: Don’t delay billing clients; quicker invoices mean quicker payments.
Keep an eye on expenses: Regular reviews help you spot unnecessary spending.
Build a buffer: Set aside a portion of your revenue as an emergency fund.
Negotiate terms: Extend payment terms with vendors to align with your cash flow cycle.
Staying proactive about cash flow ensures your business is prepared for growth and resilience, even in challenging times.
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