Luhby, Tami
Maybe you have enough customers but they are the wrong types of customers. Wrong customers are ones that don’t pay fair prices for your products and services. They are also demanding and difficult so it costs more to do business with them than other types of customers. To determine if thi...
Get a Line of Credit Another solution to cash flow lows is to work with a local bank to set up aline of credit. Sometimes called aworking capitalcredit line, these loans put money into your checking account to use, and you can pay back as you get funds later. One source of short-ter...
4. Work with your landlord, vendors, and suppliers You should also look at your liabilities, such as your accounts payable, to see where you can possibly create a deal to manage your cash flow shortage. For example, many businesses likely work with a few suppliers and vendors where they re...
One of the greatest challenges and mysteries to business ownersiswhat it takes to get financing, either equity or loans. This is because most owners are trained to run their businesses and not familiar with financing transactions. This is where a CFO is invaluable. In this article, however, ...