For any business, monitoring your cash flow is crucial. Here are some tips from “Two Men in Your Business”
- Create a Budget – what’s coming in and what’s going out and when
- Monitor your results – your actual cash flow – using Quickbooks or another accounting app
- Have a plan “B” – for when something happens – where are you going to get funding if a crisis happens or if a great opportunity comes up?
- Invoice quickly
- Set timely payment policies
If you don’t have a “Plan B” or “C”, then you need to attend the special workshop Greater Phoenix SCORE is having in conjunction with the Phoenix Suns! Yes, learn what funding options are out there for your business and enjoy the Suns play the Orlando Magic. Dec. 9, 5pm for the workshop; game starts at 7pm. Not too shabby seats too! Click here for details!