10/16/2023 0 Comments Cashflow 202 options worksheetConsider offering discounts to customers who pay early, and charging a late fee for those who miss their deadline. Having enough savings to help cover a month or two of expenses will help ensure you never fall behind when business is slow.įocus on cash flow management, not profits: If your business invoices customers, you know what it means to wait (and wait) to get paid. ![]() But it does help to have a rainy-day fund to pay for any damage you take as a result. Maintain some cash reserves: As a business owner, it’s not your job to anticipate every speed bump on your journey. Subtract the business’s operating expenses for that period from the business’s revenue of the same period. ![]() First, identify the period you want to calculate. Practice calculating it yourself: Calculating cash flow is fairly simple if you know your operating expenses and your revenue. ![]() There are a number of tips for managing cash flow for your small business.
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