Improving Cash Flow By Better Managing Debtors

[ Blackboard Fridays Ep. 94 ]
by Jacob Aldridge Published

If there's too much month at the end of your money; if you're checking your business bank account daily (or even more often); if your team are working hard but the energy is waning; then you just might be in a cash flow crunch.

While it can seem the only solution to being crunched is 'more clients', in reality most businesses are a little guilty of lazy debtor management. And while new clients mean more leads, more sales, and more work to be done - reining in your debtors means bringing in cash that's already yours and requires no extra effort.

Better still, as we explore in this week's episode, you can create more consistent processes from your sales cycle onwards to keep the flow of cash smooth, and your debtors under control. That context of 'Consistency' is critical - watch as we discuss 5 consistent steps you can be taking right now.

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Jacob Aldridge
read more by Jacob Aldridge

Over the past 12 years, more than 300 active growth businesses in Australia, the UK, and Asia-Pacific have worked with Jacob in his role as an international business coach, partner and advisor.

As Director of Advisory at businessDEPOT, Jacob continues to work one-on-one with SME businesses and directors, while also leading the development of our Strategic Advisory services across Workshops, Group Programs, and Online business guidance.

Jacob's alumni clients and those who have attended his presentations describe him as the smart and quirky business guy who makes genuine change happen. He brings business experience that impacts both profit and valuation, plus a unique energy borne from the belief that business is best when it's fun.

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