Do you know how to improve the cash flow in business.
There are various ways to improve cash flows in business and these include ;
1. Cut costs in business
2.Cut stock in business because there might be products that takes longer periods to be sold out, products which are easily sold out should be prioritise.
3.Delay payments to suppliers, suppliers shouldn't be paid instantly but after a certain period of time.
4.Reduce the credit period offered to your customers, even though suppliers are delayed for their payments but customers shouldn't take longer time to clear their payments hence when practiced, there would be an improvement in cash flow in a business.
How do you vote?