9 Ways To Keep Cash Flow Positive As A Business Startup
Having a positive cash flow at all times during the year is one of the hardest things for a new business to do.
When times are hard and profits go down, you may feel a pinch in your working capital and need to find a way to get it back to where it was.
When profits are going up and you’re making money, it’s the other way around: you feel the good weight of some extra cash sitting in your cash flow reserves, ready to be spent.
But you need a positive cash flow all year long to even out this cyclical trend.
Here are some ways to keep your working capital in the black while your sales cycle is going on.
1. Stay On Top Of Invoicing
For a startup, it’s hard to get paid for the work you’ve already done.
It’s not fun to go after late payments, but as the owner of a new business, it’s your job to make sure your bills go out on time and get paid.
By keeping track of your invoices, you can make sure you have a steady flow of money coming in and that you have money left over at the end of every month.
