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How to Improve Your Business Cashflow

04 November 2022 Shweta Jhajharia's avatar by Shweta Jhajharia

Fluxo de caixa é um conceito essencial que todo proprietário da empresa precisa entender. 

According to the Oxford English language dictionary, Cashflow is the total amount of money being transferred into and out of a business, especially as affecting liquidity. 

Um fluxo de caixa saudável é vital para o sucesso dos negócios, pois o fluxo de caixa ruim mata as empresas rapidamente. Além disso, isso informa a direção do fluxo de dinheiro. Por exemplo, uma empresa pode ser lucrativa e ainda possui fluxo de caixa negativo. Se for esse o caso, um bom negócio pode dobrar com base no seu fluxo de caixa. As empresas podem otimizar o gerenciamento de fluxo de caixa de forma consistente

Here are some tips to help you maintain a healthy Cashflow in your business.

Monitor inflows and Outflows:

Tracking the amount of cash/payment coming in and out is a crucial step in improving a business’s cash flow. In addition, this tells you the direction of the flow of cash.

It is important to note that the level of liquidity a business has is critical to survival. For example, a company might be profitable and yet have negative Cashflow. If this is the case, a good business can fold up based on its Cashflow.

Send out Invoices Promptly and Systematically:

It is essential to have a system or software that enables you to send out invoices systematically. Businesses can optimise cashflow management by consistently Usando um modelo de fatura do Excel para otimizar o processo de faturamento ao criar faturas profissionais e personalizadas. Além disso, toda fatura precisa de monitoramento para garantir que o valor acordado seja pago dentro do escopo do contrato. Como resultado, os clientes desejam opções para fazer pagamentos. Isso ajudará se você colocar processos para permitir que seus clientes paguem de várias maneiras com base no que funciona para eles. Dependendo de onde está sua empresa, inúmeras opções de pagamento, como débito direto, transferências bancárias e uso de cartões em seu site. No entanto, uma empresa enxuta não significa que deve ser uma banda de uma pessoa e significa que toda função precisa de definição e avaliação claras, enquanto o negócio continua a derivar o melhor valor da equipe. O modelo com o escritório foi fechado em determinados dias para economizar contas se funcionar para sua empresa e equipe. É importante observar que os modelos de trabalho remoto e híbrido funcionam apenas para algumas empresas e em algumas indústrias. Essa tática geralmente incentiva seus clientes a pagarem mais cedo, melhorando efetivamente suas entradas de caixa. Infelizmente, porém, mudar e, mais explicitamente, o aumento dos preços é algo que muitos empresários têm medo de fazer. Portanto, experimentar seus preços e descobrir como o preço é elástico de seus clientes às vezes pode ser uma boa ideia. Algumas empresas têm estações de boom e secas. Compreender sua indústria e comércio dinâmica fornecerá as informações necessárias para o planejamento do fluxo de caixa. Você pode encontrar mais sobre nós

Offer Multiple Payment Options:

In today’s world, customers enjoy the luxury of choice. As a result, customers want options for making payments. It will help if you put processes in place to enable your customers to pay you in multiple ways based on what works for them. Depending on where your business is, numerous payment options like direct debit, bank transfers, and use of cards on your website.

Lower Operating Costs:

Lowering your operating costs and operating a lean and very agile business is essential. However, a lean company does not mean it should be a one-person band, and it means that every role needs clear definition and evaluation while the business continues to derive the best value from the team.

Some of the areas where you can lower operating costs are:

  • Staff
  • Office Supplies
  • Power and heating bills, among others.
  • Working in a Hybrid work model with the office closed on certain days to conserve bills if it works for your business and team. It is important to note that remote and hybrid work models only work for some companies and in some industries.

It is vital to ensure that we create an environment that gives the team the best chance of delivering their best work.

Encourage Early Payments

Offering your customers a discount as an incentive to pay early is a great idea. This tactic often encourages your customers to pay you early, effectively improving your cash inflows.

On that same note, you should clarify that just like you will reward early payments, you will penalise late payments.

Experiment with your prices

Another way to increase Cashflow is by raising prices. But, unfortunately, changing, and more explicitly, increasing prices is something many business owners are scared to do.

There’s no guarantee that increasing prices won’t mean losing some sales, but it could also mean an increase in cash inflow. So, experimenting with your pricing and finding out how price elastic your customers are can sometimes be a good idea.

Have a Cashflow Forecast:

It is essential to understand your business’s seasons and plan accordingly. Some businesses have boom seasons and droughts. Understanding your industry and trade dynamic will give you the information necessary for Cashflow planning.

 

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Shweta Jhajharia's avatar

Shweta Jhajharia

Shweta Jhajharia is one of the leading authorities on Business Value Building and the creator of the unique 6M Model. Shweta is widely respected as an impactful, intelligent and results orientated professional who helps business leaders unleash their potential to reach meaningful, higher objectives. This realisation of potential and maximisation... Leia mais
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