Finding 7 Ways To Get Your Cash Flow Going For Your Home Business!

1. Get your money up front--If at all possible, ask for payment before you deliver your products or services. There's no better way to get your cash flowing in the right direction than by being paid sooner, rather than later.

2. Don't pay your bills any sooner than you have to--paying your bills as soon as you receive them is a poor cash flow strategy. Ex: if your electric bill is due 30 days after the date you receive it wait till day 25 to mail and write a check. Your cash flow will Thank-You.

3.Make sure your invoices are timely-and accurate! Send out invoices as soon as you deliver a product or service--preferably with the delivery make sure the invoice is accurate.

4. Bill more often--if you have monthly returning and ordering customers bill them up front or on a monthly basis. The more often you bill, the more often you'll be paid.

5. Give prompt payment discounts everyone loves a price discount. Discount your clients who order more in 1 month, 6 months, pays their bill on time. You may get a little less money as a result but this is offset by the fact that you get your $$ sooner rather than later, and they'll come back again.

6. Manage your expenses--the flip side of bring cash into your company is sending it out. The less cash you spend, the better your cash flow will be. Spend money on your company only when necessary.

7. Manage your accounts receivable--this means nothing more than being sure to keep track of the money owed you, and taking actions to collect late payments.

*Feel free to use these tips on your site or in your publication. Just please make sure you include an "active" link to http://www.TheWAHMConnection.com as the contributor as our materials are copyrighted. We'd love to know if you use any of our content as well. Thank you.

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