Cash Flow Management Essentials
Most businesses fail not because they're unprofitable, but because they run out of cash. Here's what actually works when your invoices are sitting unpaid and bills are due next week.
- Set up automatic payment reminders at 15, 30, and 45 days
- Negotiate payment terms upfront—don't assume 30 days is standard
- Keep a rolling 13-week cash flow forecast updated weekly
- Build relationships with suppliers for extended terms during tight periods