Believe it or not, we have left out a lot of details for the sake of brevity. For help with your personal situation, please call. Cash flow management is one of the most prominent challenges the entrepreneur faces each day. In this issue of NewsNotes, we'll discuss some ways to help mitigate the cash crunch. How to Improve Your Business' Cash Flow Cool, Calm, and Collected As all business people know, it's one thing to make the sale, yet another to collect the money in full from the customer.
Most businesses have some past-due receivables.
Sending follow-up duplicate billings is a good idea, but often is not enough. After all, the past-due customer who owes you any substantial amount in all likelihood knows they still owe you. They may well be experiencing some type of temporary difficulty but are too embarrassed to call you to discuss it. So, call them . Sit down with a list of the people who owe you the most money and try to resolve the problem.