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Discussion in 'Growing and Managing a Business' started by Srijana Pandey, Jan 21, 2020.
Give me some best ideas for that.
Don't compromise from your margin, and refrain from lending. or try to collect your money on time from the market to maintain positive cash flow.
Make sure your revenue exceeds your expenses. This is a rather odd question but I will try to answer as best I can. To maintain a positive cash flow you should stick to businesses that are not asset intensive, not inventory heavy, and receives payment prior to shipping or providing the service. If you go for the former categories the only way to maintain a positive cash flow is to make sure your business is not growing. I am a roofer and in the roofing business we have a large amount of material costs and usually the customer does not pay for 30 days. As a result we have a cash flow challenge and we need to carry working capital to cover these situations.
Here in the UK companies like yours use invoice financing so they don't have to tie up sums of cash: