6 Tips for Managing Cash Flow

May 23, 2011

Like many small business owners, Scott Gerber experiences slow times when his cash flow dips.

Gerber, owner of a promotional video production company, came up with the following six tactics for smoothing out his company’s uneven cash flow that he shared in a recent Entrepreneur.com article.

  • Adjust customer-credit and payment terms.
  • Offer discounts for early-payers.
  • Establish “milestone payments” for longer projects.
  • Create new revenue streams by expanding existing service packages.
  • Retain control of the final product until it’s paid for.
  • Renegotiate vendor and freelancer contracts.

To read the complete Entrepreneur.com article, click here.