Improving Cash Flow Management

Finding cash flow challenging? Invoice earlier with short payment terms and a robust collection system. As soon as you have a firm offer, send the invoice the same day with your confirmation and set 7-day payment terms. This ensures the invoice is logged on their side and addresses any new supplier setup processes before your payment day.

Helen says… Using alerts in your payment system, like Xero, to remind your client or yourself when payment is due can make a significant difference. Don’t be shy about collecting payment – it’s the most crucial action for your small business success!

In My Experience… 📝 Setting up a streamlined invoicing process has been pivotal in managing cash flow effectively. By ensuring invoices are sent promptly and setting short payment terms, I’ve been able to maintain a healthier cash flow, reducing financial stress.

Use This Hack Now:

1. Set Up Templates: Use a platform like Xero and amend your terms and invoices to 7-day payment terms.
2. Use Alerts: Set up alerts in your payment system to remind clients and yourself when payment is due.

This will help you manage your cash flow effectively, saving you from financial stress. Ready to thrive, achieve more consistent revenue, and enjoy more time for your lifestyle? Book our amazing program: Hypa’s Ultimate Thrive Program.

Eager to know the other 17 hacks? Download your free playbook “18 Revenue-Enhancing Hacks to Simplify Your Recruitment Business and Enjoy More Free Time” here.
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If you don’t know where to start – I’m here as your sounding board. Book a call with me and let’s get started together: Book time with Helen Plumridge.

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