Many owners in the past considered managing liquidity and cash flow as mundane, but that is no longer the case, as it has become strategic. Companies with weak operating cash flows find it difficult to obtain credit or financing. Here are a few tips to help:
1) Make it company wide - Set targets for your employees and focus on collections.
2) Enforce payments - Shorten your receivable period to 30 days.
3) Evaluate your terms - Are you offering online payments?
4) Projection - A 12 month projection is preferred, great first step in improving cash flow!
If your company would benefit from a business loan, I would like to be of service to you, simply contact:
Michael Koprowski
Account Executive
1-808-259-1635 Direct
1-888-875-8918 Secure Fax
Merchant Banking
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