Seven Tips To Avoid A Cash Flow Crisis - iT Global Market - Latest Trending Technologies, Processes & Solutions For Greater Productivity

Seven Tips To Avoid A Cash Flow Crisis

Have you been waiting for 60 days for a customer or
client to pay you?

You’re not alone.

That’s how long over half of British businesses wait to
receive money after sending an invoice to a customer
or client. We know you don’t want to be worrying about
financial challenges like getting paid on time when you
could be winning new clients and customers and growing
your business. And, here’s the thing:

Ensuring you get paid on time is just ONE of the SIX
stages of money management that every business
goes through. The good news is you can draw from the
experiences of more businesses than ever today.

According to a 2015 report by the Department for
Business Innovation and Skills1, there were a record
5.4 million private sector businesses at the start of 2015,
an increase of 146,000 since 2014 and 1.9 million more
since 2000.

We’ve talked to some of the smartest business owners and
managers in the UK and around the world. They told us
what they do to master each stage of money management,
from when they were just getting started to the moment
they achieved financial mastery.

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