Strategies for Small Business Owners to Increase Cash Flow

Well 2020 is off to an official start and the topic of many business owners is “Cash Flow”.  Understandably it’s an important area of business and these 3 simple tips will come in handy for all business owners so 2020 can be off to a great start.

  1. Collect feedback. Many small business owners forget the importance of soliciting feedback from their clients. There are several effective ways to find out what your clients think about your products and services.
  • Get rid of products that don’t sell. It’s likely that you offer your customers a wide variety of products, but only a few of these products bring you maximum profit.
  • Pursue unique marketing strategies. If your business is experiencing a steep drop in sales, there must be a reason. It could be that your marketing techniques are simply not as effective as you thought. Consider alternative marketing techniques.

Kerrie Saverin

President

Beenleigh Yatala Chamber of Commerce

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