Managing Cash Tips

Tips for Better Managing Cash Flow

1. Determine Your Breakeven Point

2. Focus on Cash Flow Management, not Profits

3. Maintain Some Cash Reserves

4. Use a Cash Flow Worksheet

5. Collect Receivables ASAP

6. Encourage Customers to Pay up Faster

7. Extend Payables as Long as Possible

8. Boost Sales With Creative Incentives

9. Designate a Cash Flow Monitor

10. Use Technology to Your Advantage