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Tried and tested methods to boost your business cash flows

Positive cash flow aids you in expanding your business, obtaining loans, making decisions, and more. However, for many businesses, maintaining a healthy cash flow is a struggle, mainly due to non-payment of dues by customers. A shortage of working capital, which is used to pay off daily/weekly/monthly overheads, has the potential to bring several businesses to a screeching halt. Hence itu2019s very important to keep the cashflow going in any business.

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Tried and tested methods to boost your business cash flows

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  1. Tried and tested methods to boost your business cash flows

  2. Different ways to improve business cash flows

  3. Choose overdraft facility 01 02 You can withdraw any amount from your credit limit. Only the withdrawal amount is subject to interest.

  4. Opt for invoice discounting You can borrow money against unpaid account receivables.

  5. Prefer to lease Instead of purchasing, consider renting office space or machinery.

  6. Negotiate with creditors Negotiate favourable payment terms with your suppliers.

  7. Track your expenses Avoid unnecessary spending such as stockpiling.

  8. Introduce new products A new product launch may increase your sales while improving your cash inflow.

  9. Business financing Apply for a business loan to avoid draining your revenue.

  10. “By using the above methods, you can improve business revenue, sales, and cash inflows.” - Herofincorp

  11. Thanks! Would Love to hear from you. Hero Fincorp Limited 09, Basant Lok, Vasant Vihar, New Delhi - 110057 Tel : 18001024145 Email : customer.care@herofincorp.com Website : https://www.herofincorp.com/ Know More : Have you tried these 11 ways to improve cash flow in your business

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