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If you can improve cash flow, you can grow your business faster. Are you incentivizing your customers to pay faster? What about negotiating longer times to pay vendors when needed? How to do these + 5 more tips.
I really like the idea of setting up extended payment deadlines. If you can bargain this option with your vendors, it will save you a lot of money in interest and even fines for late payments.
It's really hard to have a cash reserve, but I believe that it's well worth the effort in case some goes wrong. These are super wise tips for business owners.
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