So many small businesses, especially those that are customer facing and will be expecting a holiday spike in sales, see Christmas dreams turn into a nightmare as they wait for the money to roll in. Particularly if they’ve incurred debt to get ready for that Christmas rush. To boost post holidays cash flow, look to speed up the rate of invoice collection where possible. If a big order comes in, take deposits on it to cover initial outlays. Negotiate longer payment terms with suppliers. And sometimes it’s beneficial to your bottom line to consider offering a discount to encourage earlier payment.
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