Keep These 5 Things In Mind
MAKE IT EASY TO GET PAID
Offer multiple payment options, and make sure your customers are aware of these options. The less hassle it is for them to pay, the more inclined they II be to pay quickly.
OFFER FIXED RATE PAYMENT PACKAGES
One way of ensuring good cashflow is by offering periodic payment packages. This way you'll be paid up front rather than in arrears, giving you peace of mind and enabling you to plan your spending & business development much more easily.
SET TARGETS AND STAY ON TOP OF THEM
• Cashflow forecasts are an invaluable management tool in monitoring and controlling your business' financial performance. • Not only will this allow you to meet your financial needs and improve your results, but the process of attaining and exceeding these targets will improve your satisfaction in running the business.
SET CLEAR PAYMENT TERMS
It's important to establish clear payment terms from the outset.
This way, you know when you're going to be paid and when a payment is overdue.
APPROACH A FINANCER
Trade finance solutions offer tailored cashflow solutions to suit your business needs, & deliver them promptly.
More than 60% Australian SMEs rail due to cash Plow issues. Make sure you're not one of them Contact:
Ph: 1300 760 205
www.cashflowfinance.com.au
If you'd like to learn how Earlypay's Invoice Finance & Equipment Finance can help you boost your working capital to fund growth or keep on top of day-to-day operations of your business, contact Earlypay's helpful team today on 1300 760 205, visit our sign-up form or contact [email protected].