You started a business because you have a passion.
You want financial independence and control of your lifestyle.
Over my career, what I've seen in business is the drive to understand, measure, and improve cash flow.
Follow this simple framework to unlock the path to effective accounts receivable management and generate more cash: CASH+ AR Framework
I am a Corporate Controller in a large organization today, but I have worked in small businesses with less than 5 employees. And I have worked in small businesses experiencing rapid growth. Big and small, what I see is the drive to understand, measure, and improve cash flow.
If I was starting a business today, this is the simple framework I'd use to manage accounts receivable and generate more cash:
C: customer database
Keep your customer database current and accurate to avoid late payments.
A: analyze accounts
Note what you're doing well and where adjustments need to be made.
S: strategic policies
Clear and strategic policies to prevent late payments and improve collections.
H: handling invoices
Efficient, accurate, and speedy handling of invoices to get you paid sooner.
When you're first starting out, this is what matters.
Unlock the path to effective accounts receivable management and generate cash. Use the CASH+ AR Framework.