How to increase cash flow
Business owners and operators know just how important managing cash flow is to their success.
There's some excellent information to assist with increasing your cash flow - check business.vic.gov.au/money-profit-and-accounting/financial-management-set-up/infographic-cash-flow-analysis.
There are always ways to improve your cash flow. Whether you need short term relief or a long term plan, you could consider:
- following up on overdue accounts
- reducing overheads
- increasing income
- obtaining and Overdraft
- monitoring stock levels.
Here's some questions to consider:
- Do you have the best bank products for your financial needs?
- Could professional financial advice help?
- Do you need access to a lump sum or line of credit to meet your immediate needs?