By Andrew Cravenho

To function smoothly and keep growing, small businesses need enough cash in hand. Cash is an extremely convenient thing to have. It allows you to carry out a number of things — you are able to pay your suppliers and staff on time; you avoid late payment charges on the bills; you are able to take on new projects; and you gain negotiating power with prospective as well as existing customers.





Comments


Written by lyceum
3793 days ago

You could also negotiate with your vendors, so you will get longer terms of payment, and thereby getting better cash flow.



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Share your small business tips with the community!
Share your small business tips with the community!
Share your small business tips with the community!
Share your small business tips with the community!