Cash flow is a problem that plagues every small office from time to time. On paper you look like you’re doing very well. Your sales are higher than your expenses. Things look like you should be making a profit. But your creditors are breathing down your neck and you’re always playing catch up. What can you do about it? Here are some tips to get you moving in the right direction.

1. Get Invoices Out Promptly
2. Raise Your Prices
3. Blame it on your accountant
4. Work on retainer
5. Watch check clearance times
6. Accept credit cards to speed up cash flow
7. Shift your receivables to a finance company
8. Get some or all of your money up-front
9. Check credit ratings before the sale
10. Catch credit problems early

Business Know How