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Increasing Cash Flow in Times of Need

Increasing Cash Flow in Times of Need

What are viable methods for managing and increasing cash flow?
  • Pursue payment of outstanding invoices
    • Possible Drawback: Risk of creating tension with customers who may be accustomed to lax credit terms

  • Extend payment time to creditors
    • Possible Drawback: Could send a signal to creditors that your business is in jeopardy

  • Liquidate assets
    • Possible Drawback: Factoring could indicate to shareholders and others that your business is floundering

  • Seek bank funding
    • Possible Drawback: Possible inability to qualify for additional funds due to cash-flow problems

Overview/Description
The life blood of any successful business is the steady and predictable flow of incoming cash. But what steps can be taken when a business experiences acute revenue shortfalls? This Business Impact explores some common options available to business owners when facing a critical need to increase cash flow.

Target Audience
Financial personnel and any individuals interested in gaining essential business finance knowledge

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