6 Ways to Improve Cash Flow During the Holidays

Posted by Caron_Beesley under Management
From https://www.fundera.com 3315 days ago
Made Hot by: MasterMinuteman on October 30, 2015 9:43 am

For a lot of retail and restaurant businesses, the holidays can be the busiest time of the year. But for other small businesses, the holiday season can herald in one of the most difficult times of the year. Many shut down production completely, and even close their doors during the peak of the December holidays.

While this may conserve some cash, wages still need to be paid and fixed costs need to be taken care of. To add to these woes, customers can be tricky to track down over the holidays, leading to unpaid bills and potential cash flow problems—the #1 reason why small businesses fail.

If this sounds like you, here are six things you can do to improve cash flow this holiday season.