Pro Tip

Cash flow is the lifeblood of any business, no matter the size. Unfortunately, sometimes, when SME owners contact us, they have reached a critical point with their cash flow and are in desperate need of immediate improvement. Here are a few areas of focus that can help alleviate cash crunches quickly, if sometimes temporarily:

1. Negotiate more advantageous terms with vendors/suppliers.

2. Adjust payment terms of clients/customers.

3. Revise sales promotion offerings.

4. Target easy areas for cost-cutting.

5. Liquidate under-valued/obsolete inventory.

Cash flow improvement is possible, with focus.

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