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Here is an example of a Quarterly Tip that you can receive that will help your business:

Cash is King...

Cashflow for any business is paramount to success. Many businesses show strong statements, but do not show  strong cash position. Poor cash position can lead to excess interest charges and can end a business when unexpected challenges occur.

Here are some pointers to get more cash into your business...

• Re-negotiate longer terms with your suppliers. Part of this negotiation could have you place your payables on a  company credit card that could give you up to an extra 30 days to pay.
• Bill as soon as the work is complete. Don't wait until the end of the month to bill completed work.
• Take credit cards. If your margins allow, accept credit cards for payment, but negotiate with the client to place the charges on the credit card as soon as the work is complete. Be careful when accepting all types of cards. American Express charges up to 5% of the transaction.
• Resolve disputes quickly to get cash in. 50% of something is better than 100% of nothing.
• Negotiate larger lines of credit when you don't need it. It is very difficult to secure more credit with your financial institution when you are in obvious distress. Banks are very receptive to granting more credit when you have a healthy bank account.

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