India, May 8 -- Entrepreneurs and small business owners are passionate about their products/services. However, at times, cash flow management can be quite tricky and not everyone is able to manage their finances properly. Lost between chasing invoices and making payments, cash management becomes a tightrope to walk. This article will provide a guide to cash flow management.
Don't get slack on invoicing: This is the first step for cash inflows to come in. Send invoices as soon as possible after providing goods/services. Set terms to make sure that payments are not forgotten or lost in the process. Always follow up on sent invoices. You can make this easy by creating set templates for email or SMS and by following up on them. Always refer to...