Six Cash Flow Boosters

Here are six cash flow boosters, as provided by consultant Norm Grill, and published in the June 20th Westchester County Business Journal: 1) Establish payment terms from the start, with your proposal, estimate or contract; 2) Analyze customer payment patterns, and revise terms and payment methods so they are more favorable for you; 3) Closely monitor accounts receivable aging; 4) Negotiate favorable payment terms (e.g., discounts for prompt payment); 5) Use email for invoicing and software to manage cash flow; 6) Consider hiring a skilled finance professional