Managing a small business can be draining and stressful. One minute you’re worrying about invoicing a client correctly, and the next you’re balancing your personal checkbook and hoping you’ve estimated your cashflow correctly. Some tasks, however, are more important than others when it comes to the viability of your business and your sanity. Here are 10 ways to cure those middle-of-the-night panic attacks.
Invoice clients quickly to improve cash flow.
Getting a new client and delivering your product or service is exciting. However, don’t forget to bill (invoice) your client in a timely manner. The sooner you bill your client, the faster you’ll receive payment. Also, if you delay in invoicing a customer, they may not make payment of your bill a priority. After all, if it were important, the company would have billed me sooner (!) Invoicing promptly shows the client a level of professionalism.
Separate business bank activity from your personal account.
It’s very common for a businessRead More »from 10 Simple Ways to Improve Your Finances and Save Your Sanity