Cash Flow Management that Sells
When I owned my former company, I wanted my vendors paid fast. My CPA and financial advisers always commented that you need to treat your vendors better than your customers treat you. Today, it is actually better! We require their invoice on the 1st and pay on the 15th. If you look at the “dreaded” credit cards, such as American Express, you can pick your day of payment, pick your day of close out and actually extend your cash flow by 30 to 40 day.
It is time to work smarter and not harder with creative rules. What are you doing that helps sell your cash flow, your vendors and your payment methods?
photo by jenn_jenn
