Even with the best preparation, most small businesses will encounter cash flow problems at one time or another. Late-paying clients, unforeseen expenses, slow sales, economic downturns, and other unexpected circumstances can all create cash flow disruptions.
In their recent blog post, our friends at Kabbage have spoken about cash flow woes with five financial experts. They have knowledgeable and sometimes surprising advice for keeping afloat when cash flow slows, including:
- Sending invoices immediately.
- Training your customers to pay promptly.
- Offering payment incentives.
- Taking out a line of credit.
For these and other tips, read the full post here.
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