However, at least once every 6 months, review what you’re paying for services like office cleaning, credit card transactions, long distance calls, liability insurance, etc. Make sure these costs are not rising faster than they should. It’s a good idea to keep track of any long-term contracts or commitments to make sure that you’re not being charged too much for standing services. Also, watch out for those policies which automatically renew.5) Get paid more. Another way to manage your cash flow is to charge more for what you do.

Raising your fees as a cash flow strategy only works, though, if your spending remains less than your earnings. 6) Buy in bulk. This applies to physical products/supplies as well as non-physical ones (such as services). You can often realize a significant cost savings on items bought in bulk especially if you were going to buy them anyway. 7) Keep track of your discounts and other rewards. We are inundated with special offers, promotions and discounts. Use these wherever you can.

I was able to save a few hundred dollars on items I purchased due to in-store specials and mail in rebates. In a sense, my savings was found money!8) Give special consideration to your customers who pay early and in full. Customers who routinely pay their bills ahead of time, and who are rewarded for doing so, are more likely to continue this behavior which results in more cash inflow for you.

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