Improve Your Cash Flow

Five Strategies You Can Put in Place Today:

1. Review Your Receivables

Late payments can strangle cash flow:

• Set clear payment terms upfront. Net 30 is standard, but in tough times, consider shortening to Net 15.

• Automate reminders. Use accounting software or email templates to nudge clients before payments are due.

• Offer multiple payment options. Credit cards, ACH, online portals—make it easy for customers to pay.

2. Negotiate With Vendors

Suppliers want to keep your business too:

• Ask for extended terms (e.g., moving from Net 30 to Net 45).

• Consolidate orders to earn bulk discounts.

• Explore local vendors who may offer more flexible pricing.

3. Tighten Expense Management

You don’t need a massive overhaul—just a sharper eye on where money leaks out:

• Cancel unused subscriptions or duplicate tools.

• Reevaluate insurance, internet, and phone contracts—often you can negotiate lower rates.

• Implement a simple monthly budget review to keep spending aligned with priorities.

4. Focus on High-Margin Products & Services

• Identify your highest-margin offerings.

• Prioritize marketing and sales efforts around them.

• Consider phasing out low-margin work that drains resources without delivering profit.

5. Build a Cash Flow Cushion

• Set aside a percentage of every sale into a “rainy day” account.

• Use this buffer for seasonal dips or unexpected expenses.

• Aim for at least 1–2 months of operating expenses in reserve over time.

Final Takeaways

Improving cash flow doesn’t always require drastic cuts. By managing receivables, negotiating smarter, reducing waste, leaning into profitable services, and building reserves, you can protect your business and your team—keeping both strong in difficult times.

💡 Action Step: This week, choose one area—receivables, vendors, expenses, margins, or reserves—and make one improvement. Small steps create lasting stability.

📦 Ready to Strengthen Your Bottom Line?

At Fox & Ledger Advisory, we help small businesses and provider offices take control of their books, manage cash flow, and boost profitability—even in uncertain times.

👉 Let’s talk about how we can make your business more resilient.

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