10 Cash Flow Strategies for a Successful Business by Scott Richards - HTML preview
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Diagnose the causes of the cash flow problems
Before implementing any of the ten strategies, it is important to diagnose the causes of your cash flow problems. The lack of cash flow is a symptom that results from underlying causes. For a business to be successful you need to discover and address the underlying causes for the poor cash flow. Implementing strategies to fix poor cash flow without diagnosing the cause is the same as the doctor trying to treat a disease without knowing the cause of the disease. The treatment will not be very effective if it doesn't address the underlying cause for the disease.
At Beyond the Numbers we use our proprietary Business Performance Reviews to diagnose the causes of cash flow problems. You can find a sample Business Performance report at www.beyondthenumbers.com.au/businessperformancereview.html.