There’s a massive difference between profit and cash. Let’s explore the differences to make a better plan to increase both. 1. Sales Profit increases when you increase sales; cash increases when you collect the money from customers. To increase both your profit and cash from sales: Delight your customers Generate more leads and referrals Convert […]
Covid-19 highlighted the importance of managing your cash conversion cycle & reducing how long cash is tied up in the sales process. More money won’t solve your problems if you don’t manage your cash conversion cycle!
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Cash is the lifeblood of any business – once the cash dries up, problems quickly begin to multiply. Keep the cash running freely and you can continue to grow your business. Here are five tips for improving your cashflow: Have a system to manage your debtors– Come up with a clear, step-by-step way to handle
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