Most businesses nowadays in my location are faced by the challenges in the cash flow. However this is the most reasons for the business failure here. What is your say on that?
How do you maintain a steady flow of cash on your business?
- Thread starter Stardom22
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I have to be nice to customers. That's also how I trained my two staff to be nice and considerate to the milk tea buyers. It's not only that, I sometimes give freebie like candy or lollipop.
I have realized that as business owners they should have some skills and tactics for the operation of the businesses. This would enable the business to run smoothly.
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A business owner must have skills and tactics on how to gain the interest of the customers one way to retain them. It is best to plan well.
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High sales and profit levels do not guarantee a stable and healthy business cash flow, if you do not pay attention to controlling expenses. As a businessman, you also need to frequently evaluate cash flow statements and detect if problems arise in business finances.
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I have to be nice and accommodating to my customers. I will offer to them quality products and services. It's the customers that bring money to my business so I have to friendly and train my workers to follow the same to be kind and understanding to the needs of the customers. Value them, they are assets to your business.
Cash flow management is crucial to a business. Do not give credit to customers easily. Control your expenses and check the cash flow of your business regularly.
it is to sell what is high in demand . you need to know that people do but more of what they really want. So sell more demanding products or services
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A cash flow in your business is very essential because that is one of your motivators to strive more. If the cash flow of your business is fluctuating, you need action to make your cash flow constant.
Everything that goes through on the business requires some money for them to go through on the most appropriately way
Be sure that you have a minimum benchmark of sales that would keep your business afloat and pursue that aggressively to maintain a steady cash flow.
