Forums: Discussions for entrepreneurs and small business.

I came across a great little article today from Tim Berry on Entrepreneur.com. It`s called "10 Critical Cash Flow Rules," and I thought people in the SN community might be interested in reading it. Cash flow is a tough thing to manage, and this article helped me wrap my head around it a little better.

Link to the article

(I`m not affiliated with Tim Berry or Entrepreneur.com. Just thought it would be a good source of information.)

Thanks for the article, it is so important to understand cash flow if you are going to stay in business.

great article, i think cash flow is the foundation of any business...especially when business is at slow times, it will make or break you


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Agreed.  Above everything else, you should be monitoring your cash flow frequently.  Completing weekly, monthly, and quarterly projections will also assist you in identifying any shortfalls in the not-to-distant future.  Regardless of the age of your business or the size, it is always good to have a handle on your cash flows.

We've designed a web service at www.billstrust.com that is aimed at optimizing cash flow for businesses. It's a bill payment system that can pay any bill a business receives, so it accepts handwritten and printed bills and requires no data entry or no need to remember due dates.

The cash flow benefit is that businesses can choose to delay payments by X number of days when they know that they are getting lump sum payments but not have to juggle all the due dates of bills in their head. It's in essence a virtual accounts payable assistant without having to actually hire one and allows the business owner more time to focus on their business rather than mundane task of bill payment.

Best part is that the business owner receives an SMS message or email when bills are paid on their due date, keeping them in the loop. They can log in to their BillsTrust account andview all their bills in one place in a forward timeline of what is due in the future so they know their full liabilities.

Hope you find this helpful.