Small businesses, freelancers and “solopreneurs” alike know all too well that steady, predictable cash flow is a peace of mind that is not always guaranteed. Luckily, there are some things you can be doing to mitigate those dips and help make your financials get into a more reliable state, month after month.
Update Billing Cycles
It may sound simple – deceptively so – but cash flow can come to an abrupt halt regularly merely due to customer billing times. If you aren’t getting those payments quickly enough, you may find yourself running on credit, debt, or unplanned taps into your reserves.