Let’s talk a little bit about managing cash flow. After all, you need cash. Cash is king in business.
I suggest that you set up bookkeeping systems, and that you make sure that there’s double systems so that errors are minimized. I also suggest you make sure to carefully review the books. You can begin to look at what expenses you can eliminate. You should be looking at bank statements and profit and loss statements, and you should also be studying the numbers for trends.
You should also be very careful about buying equipment or buying items outright. Quite often it is a better for you to lease things or to take out loans so that cash flow can be better managed.
One last tip! If you offer cash discounts to your clients and customers, patients, whoever you’re serving, that can actually increase your cash flow quite a bit. And I’d like to see you with more cash in your pocketbook.













