Increasing Rapid Payments From Your Customers
Source: American Express
One key component of small business success is cash flow - getting payments from your customers so that you have the money to pay your suppliers (and, hopefully, earn some profit for yourself). Of course, that's easier said than done. There are many things that can interfere with this pipeline, from impatient suppliers to unexpected disasters. An element of that pipeline that you can positively influence, though, is customer payments. A prompt payment from your customer gets cash flowing in much faster, enabling you to improve your cash flow and keep your business humming right along.