{"id":6411,"date":"2023-03-27T11:32:42","date_gmt":"2023-03-27T00:32:42","guid":{"rendered":"https:\/\/businessoasis.com.au\/?p=6411"},"modified":"2023-03-28T13:37:05","modified_gmt":"2023-03-28T02:37:05","slug":"five-ways-to-manage-a-healthy-cash-flow","status":"publish","type":"post","link":"https:\/\/businessoasis.com.au\/five-ways-to-manage-a-healthy-cash-flow\/","title":{"rendered":"Five Ways to Manage a Healthy Cash Flow"},"content":{"rendered":"

We cannot stress further the importance of properly managing your cash flow to ensure the smooth running of your business. However, in times of crisis such as the ongoing COVID-19 pandemic, this becomes more than important\u2013 managing your cash becomes a necessity for survival.<\/p>\n

If you are experiencing cash flow troubles, here are five things you can do to manage your cash flow better.<\/p>\n

    \n
  1. Check your expenses.<\/strong>
    \nNow is the perfect time to review where your money is going and check which expenses can be minimised or eliminated completely. Re-evaluate your expenses and decide which ones are essential and should stay, and which ones can be trimmed down or cut altogether.<\/li>\n
  2. Negotiate your debt.<\/strong>
    \nInitiate a discussion with your lenders if interest only or deferred payments on outstanding debts is possible.<\/li>\n
  3. Reduce your rent.<\/strong>
    \nThere are some government-backed rent assistance schemes which subsidise a portion of your rent and\/or require landlords to waive part of it. Aside from this, you can further reduce your rent by checking if it makes business sense to move to a smaller space, close down other offices or stores that are not performing well, or move to a more affordable commercial space within your budget.<\/li>\n
  4. Request for more flexible payment options.<\/strong>
    \nIt never hurts to ask, especially if you\u2019ve been transacting with your vendors for a long time and you\u2019ve established a certain level of mutual trust and confidence. You can request for more flexible payment options or longer payment terms.<\/li>\n
  5. Tap into available credit lines.<\/strong>
    \nTake advantage of available lines of credit and place the funds in interest-bearing accounts.<\/li>\n<\/ol>\n

    Assessing your cash flow is fundamental to gaining a better understanding of your business\u2019 financial health. As cash flow experts, we can do your monthly, weekly, or even daily cash flow statements. This gives you visibility on where your cash comes in and goes out to, as well as allows you to plan ahead.<\/p>\n","protected":false},"excerpt":{"rendered":"

    We cannot stress further the importance of properly managing your cash flow to ensure the smooth running of your business. However, in times of crisis such as the ongoing COVID-19 pandemic, this becomes more than important\u2013 managing your cash becomes a necessity for survival. If you are experiencing cash flow troubles, here are five things … Continued<\/a><\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[1,35],"tags":[],"jetpack_publicize_connections":[],"acf":[],"yoast_head":"\nFive Ways to Manage a Healthy Cash Flow - The Business Oasis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/businessoasis.com.au\/five-ways-to-manage-a-healthy-cash-flow\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Five Ways to Manage a Healthy Cash Flow - The Business Oasis\" \/>\n<meta property=\"og:description\" content=\"We cannot stress further the importance of properly managing your cash flow to ensure the smooth running of your business. 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