Effective cash flow management is crucial for sustaining business operations. Here are some strategies:
Forecasting: Regularly project cash flow to anticipate shortages and surpluses. Invoicing Promptly: Ensure timely invoicing to accelerate receivables. Cost Control: Monitor and control expenses to prevent cost overruns. Credit Management: Offer terms that encourage timely payments from customers. Reserve Funds: Maintain a cash reserve to cover unexpected expenses.