8 Simple but Effective Tips to Improve your Cash Flow

The customers who owe you money are more important than those who don’t! It’s much easier to ensure customers pay invoices promptly then it is to attract new business and make a sale. With this in mind, implement these 8 tips to ensure you are doing everything you can to ensure positive customer cash flow in your business:

Have a ‘Service/Payment’ Agreement in place before you start any work
Request a higher deposit before starting work
Ensure progress payments are made on time
Request final payment on job completion
Invoice for work immediately after it has been completed or as soon as possible
Reduce your payment terms
Send a reminder on the day an invoice is due
Follow up overdue payments immediately/consistently

What you’ll get in the complimentary 60 min session

Diagnostic Tool

Use a powerful diagnostic business tool, to understand the current reality

Identify the Obstacles

Uncover the obstacles that may be holding you back from more profits, time and freedom

Action Plan

Craft a realistic action plan to produce results in the next 6-12 months

Recommendations

Gain recommendations specifically designed for trades and construction businesses operating in Australia & New Zealand

Let’s Hit the Ground Running with a Business Performance Session

Would you like to gain greater clarity and consistency in your trades business? Book a complimentary ‘Business Performance Session´ with a trades business specialist and uncover what may be holding your business back.