Search

Date

June 18, 2013

Grow your business through better cash management


By Mike Ward

Publisher: U.S. Bank – Posted on 02/08/2013

“When it comes to your small business one of the biggest challenges can be having the cash to grow. There are a number of “cash management” tools offered by banks that can help your business pick up surprising amounts of cash flow without increamoneysing traditional borrowing levels.

As simple as it may seem, before you can identify tools to improve cash flow you must understand your company’s cash cycle. The cash cycle consists of:

  • How you get paid.
  • What you do with the cash you have on hand.
  • How you pay it out.

Getting paid

Getting paid faster clearly builds available cash. Small businesses can’t always negotiate better payment terms with their customers, but they can make it easier to get paid and also move money to their account more efficiently. Start by ask yourself: Continue reading “Grow your business through better cash management”

Advertisements

10 Tips for the First-Time Business Owner


  1. Focus. Focus. Focus.
    Many first-time entrepreneurs feel the need to jump at every “opportunity” they come across. Opportunities are often wolves in sheep’s clothing. Avoid getting side-tracked. Juggling multiple ventures will spread you thin and limit both your effectiveness and productivity. Do one thing perfectly, not 10 things poorly. If you feel the need to jump onto another project, that might mean something about your original concept. Continue reading “10 Tips for the First-Time Business Owner”

Blog at WordPress.com.

Up ↑

%d bloggers like this: