business cannot grow without a
cash flow. You cannot really pay your bills if you do not
have enough cash in the bank. These expenses include:
● Energy bills.
● Employee salaries etc.
Being late on these bills can
cause havoc. For example, you run the risk of getting kicked out
of your premises if you do not pay the rent on time. Similarly,
you can lose electricity if your energy bills are not paid on
This can put a business in
hot water. In fact, poor cash flow is the #1 cause
behind businesses shutting down. This is why businesses
need to look for ways to increase cash flow.
While a business should
try to reduce expenses and
increase revenue, i.e: the
amount of cash saved, this is easier said than done.
It is not very easy to
within a chosen
revenue model, but with proper care, you can
definitely improve your businessí cash flow.
Without much ado, letís have a
look at some ways to increase cash flow of your business: