Table of Contents for 10 Cash Flow Strategies for a Successful Business

10 Cash Flow Strategies for a Successful Business Strategy 1: Get your pricing right Strategy 2: Reduce your cost of goods sold Strategy 3: Control your expenses Strategy 4: Manage your debtors Strategy 5: Manage the stock Strategy 6: Don’t pay too much or too early Strategy 7: Prepare 3 month cash flow plans Strategy 8: Get the most out of your assets Strategy 9: Tax problem or cash flow problem Strategy 10: Reduce owner’s salary or drawings you...

10 Cash Flow Strategies for a Successful Business part one

 Strategy 1: Get your pricing right Determining the price to charge for a product is frustrating for most businesses. However, getting your pricing strategy right is critical to your success in business because it affects many areas of your business. The pricing strategy impacts the type of customers attracted to your business, the quantity of product sold, how the product is perceived, product promotion and your profit. There is no single way...

Cash Flow Strategies for a Successful Business part two

before  you read this this article ,you may  see the first part here   Strategy 6: Don’t pay too much or too early Ensure you have a step by step purchasing procedure that is followed and monitored. Lack of proper procedures and monitoring may lead to purchasing too much, paying for undelivered goods or overpayments. For example, it is common for payments to be made on a statement and yet not have an invoice to verify the purchase....