Most businesses think ๐ซ๐๐ฏ๐๐ง๐ฎ๐ ๐ ๐ซ๐จ๐ฐ๐ญ๐ก solves everythingโbut what if we told you thatโs not your biggest problem?
Your business can be ๐ฉ๐ซ๐จ๐๐ข๐ญ๐๐๐ฅ๐ ๐จ๐ง ๐ฉ๐๐ฉ๐๐ซ but still run out of cash. The mistake? Focusing on sales while ๐ข๐ ๐ง๐จ๐ซ๐ข๐ง๐ ๐๐๐ฌ๐ก ๐๐จ๐ง๐ฏ๐๐ซ๐ฌ๐ข๐จ๐ง.
Weโve seen businesses with full order books collapse because they waited too long to get paid. Sound familiar?
Hereโs what happens when cash inflows slow down:
โ Payroll stress and sleepless nights
โ Missed growth opportunities
โ Relying on expensive loans to stay afloat
The worst part? Itโs a silent killerโyou donโt notice it until itโs too late.
5 Ways to Speed Up Cash Inflows
1๏ธโฃ ๐๐ง๐ฏ๐จ๐ข๐๐ ๐
๐๐ฌ๐ญ๐๐ซ โ The sooner you send invoices, the sooner you get paid. Automate this process.
2๏ธโฃ ๐๐ก๐จ๐ซ๐ญ๐๐ง ๐๐๐ฒ๐ฆ๐๐ง๐ญ ๐๐๐ซ๐ฆ๐ฌ โ Reduce Net-30 to Net-15 and offer small discounts for early payments.
3๏ธโฃ ๐๐ง๐๐จ๐ซ๐๐ ๐๐จ๐ฅ๐ฅ๐๐๐ญ๐ข๐จ๐ง๐ฌ โ Stop letting overdue invoices pile up. Follow up before theyโre late.
4๏ธโฃ ๐๐๐ญ ๐๐๐ข๐ ๐๐ฉ๐๐ซ๐จ๐ง๐ญ โ Consider deposits, milestone payments, or subscriptions to keep cash flowing.
5๏ธโฃ ๐๐ฌ๐ ๐๐๐ฒ๐ฆ๐๐ง๐ญ ๐๐จ๐จ๐ฅ๐ฌ โ Make it stupidly easy for customers to pay. Offer online payments, autopay, and multiple options.
๐ ๐๐ง๐๐จ๐ ๐ซ๐๐ฉ๐ก๐ข๐: (๐๐ญ๐ญ๐๐๐ก๐๐) โ A quick before/after comparison of weak vs. strong cash flow management.
Whatโs your biggest challenge when it comes to cash flow? Drop a comment belowโWeโd love to hear your insights!
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