Staying on top of your business’s cash flow can seem like a tough task, with multiple payments going in and out that you need to monitor. But by understanding where your cash is coming from and going to, you can employ strategies to set your business up for success.
Our infographic has been put together to help you get to grips with the key concepts and aspects of cash flow. By taking these concepts and applying them to your business, you can start to understand your finances even more, which will stand you in good stead for the future.
Something as simple as negotiating longer payment terms for your suppliers than those you use for your clients can make a big difference in your ability to manage your business’s cash flow.
The concepts outlined in the infographic above are not difficult to grasp, but they will take a bit of work to implement successfully. However, if you see these as investments into the future that will propel your business forward, the work that it will take to implement them suddenly becomes worthwhile.
By following the above guide, you’ll be in a much better position to keep the cash flowing in your business. See how company credit checks can help your business today – visit Experian for Business and start your free trial.