2 hours ago
I know you have heard the phrase “Cash💰flow is the blood that keeps a business alive.” This couldn’t be truer, as consistent positive cash flow can help a business owner pay expenses, invest in new opportunities or grow a business. .
One of the most important tips you need to know in order to manage your business cash flow 👉👉👉 . . ***SPREAD OUT YOUR PAYMENTS. .
Paying all your #business bills at the same time rather than spreading them out can drain your disposable income and leave you at risk of not being able to pay your creditors and suppliers if an unexpected expense occurs. Instead, try paying your bills closer to the due dates and negotiate with your vendors to see if you can extend your payables to 60 or 90 days. . .
Also, be sure to pay your most important bills, such as rent and payroll, before paying less important BILLS because your staff are your MVA (Most Valuable Asset) in that business. . .
P. S. Check with your vendor to see if you can receive discounts for paying any bills📰 early. Remember to pay all your bills before the due date to maintain a good credit standing. #creditworthiness 👩💼 . .
More valuable tips on cash management will be downloaded at the Growth Hack Online class with @daveobada and @ndidiazaah. Don't be the last man standing, go to @daveobada page right now to do the needful. Remember knowledge is power💪 .
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