Posts Tagged "debtor financing"

Avoid Cash Flow Dramas Over Christmas

Posted by on Dec 9, 2015 in Blog

Avoid Cash Flow Dramas Over Christmas

With the exception of retail-based industries, many businesses experience a slow period during the Christmas season. Cash collections are disrupted as businesses and staff leave to take a break. Most schedule special trips out of town during this season or use this period to otherwise slow down and relax. The problem for many small businesses is that this disruption often affects the normal payment cycle, pushing cash collections as far out as February of the next year, or even longer. This delay in payment can leave many small businesses struggling to survive. If you really can’t wait the extra days and weeks to get paid, try these tips to improve your cash flow during Christmas. Stay on Top of Your Invoices Send your invoices out automatically, as soon as the work for your client is complete. Ideally, you invoice clients early enough so that they have time to pay before they leave for their holiday break. Consider offering a small discount for early payment. You might also want to consider being proactive and asking clients for at least partial payment upfront before the work is completed. This will provide you with at least part of your funds before your...

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