What are some effective strategies to improve cash flow?
There are several strategies you can implement, such as optimizing your invoicing process, reducing expenses, and improving inventory management.
Can you explain how optimizing invoicing can help?
Sure! By sending invoices promptly and following up on overdue payments, you can accelerate cash inflow and maintain a healthier cash flow.
What about reducing expenses? Any tips?
Absolutely! Review your fixed and variable costs regularly, negotiate with suppliers, and eliminate unnecessary expenses to improve cash flow.
How does inventory management affect cash flow?
Effective inventory management ensures you have the right amount of stock, reducing holding costs and freeing up cash for other uses.
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