10 Expert Tips on Managing Cash Flow as a New Business

2 years ago
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personal finance finance tip personal finance

10 Expert Tips on Managing Cash Flow as a New Business

1. Know when you'll break even.
2. Keep your eye on cash-flow management.
3. Always maintain a cash reserve.
4. Manage funds better.
5. Collect receivables immediately.
6. Offer discounts to collect payments earlier.
7. Extend payables where you can.
8. Spend only on essentials.
9. Be smart about hiring.
10. Make the best use of technology.

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