Cash flow - so here you get a good cash flow

For most entrepreneurs, it is vitally important to keep track of cash flow - the arrival of money quickly so you can keep everything rolling. However, it is not always easy to get paid on time. Some customers forget to pay the invoice. Others have a question about the invoice, but forgot to put on and waiting to get a reminder. Another category of customers have their own cash flow problem and expect themselves to get paid before they can pay you.


Here are some tips to help you get better cash flow


Changing the terms from 30 days to 10 on the invoices. Not everyone will pay more quickly, but many will do it.

Accept credit cards if you sell online. This will give you money directly.

Email invoice - there may be customers to see it faster.

Make sure you are available to answer questions when you sent the invoice so that there is a question that you can not get a hold of you.

Have all contact information to you on the invoice. Telephone, cell phone, fax and e-mail so that customers can reach you easily if something is unclear.

Try to bill at another time than at the end of the month as most others do and you end up in competition with other payments that the customer should do.

If you work in the project - to ensure that billing on a regular basis instead of at the end of the project.

Do not put off billing - do it every week instead of once a month. Make sales to an equal priority to the sale - it is necessary.

Do an experiment - offer your customers a cheaper price for faster payment. There need be no more difficult than to say that "We have 30 days, but if you pay in 10 days you will get X% of discount (or a fun gift).

Make sure to get credit at the bank as soon as you are trusted

Try saving the money aside in the company each month to a special "At worst Account"

Pay your own bills in a planned manner so that not everything must be paid when