Hints to Speed up Your Collection Process

“Cash is King” we all know that, or at least should, because we certainly hear it enough. Cash flow is undisputedly the key for small business success. You can have a great product, or provide the best service, but if you don’t have good cash flow practices in place you will not stay in business long… let alone grow your business. Are there tried and true ways to improve your cash flow? I believe the answer is “YES”. Sometimes improvements to cash flow can be as simple as making minor changes to the wording on your invoices or changing the manner in which you follow up on past due invoices.

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