October 12th, 2017.

For many small businesses, managing cash flow can be problematic. Variations in the amount of cash flowing in and out of the business each month, waiting for invoices to be paid and still managing to pay all your bills on time can be a hard balance to achieve. 

Putting into place a financial management plan, can help alleviate some of these problems, however, and make for a smoother, less chaotic cash flow.

Create a cash flow chart
You will already have a good understanding of how cash flows in and out of your business each month, but creating a cash flow chart, that you can stick to the wall of your office can really help.

Where the chart may differ from your accounts spreadsheet is that it will be a simplified, easy on the eye chart and will include projections for future revenue.

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