Cash flow cripples more small businesses in this country than any other cause. Negotiating the right payment terms with customers and suppliers is key to avoiding cash flow disasters.
Setting your payment terms up front with your customers—and knowing the payment terms of your own suppliers—means you can tackle cash flow head on from the moment you open the doors.
Click here to read CGU’s tips for managing cash flow here, including:
• Give your customers options that work for you and them
• Set up your supplier relationships for success
• Set your terms up front
• Know the risks
Source: CGU
