| Member | Answer | Date | | Tuwaze Mawazo | There are three steps to help improve your cash flow: Option 1: Collect payment more and often. This means make sure you collect payment for goods or services upon sale/delivery. If possible collect payment in advance, this saves you the cost of collecting it afterwards.
Option 2: Market More. The more people out there know about your product, the more they will come and buy.
Option 3: Manage your expenditure. Make sure you are not spending any monies that you should not be spending. If an expense can wait without affecting the operations of the business, let it wait until it's necessary or you can afford it. By following the above steps you should be able to improve on your PROFITS too. | 2013-08-15 |
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