Want a steady income stream? The ability to generate a positive cash flow is essential for a business to remain viable in the long term but it is often easier said than done. Keep in mind that it is impossible to successfully grow a business unless it is both profitable and is generating a surplus cash flow on a sustainable basis. Without these two elements a business cannot thrive or grow and therefore the future of the business is limited. Take a read below as we explore the 6 major reasons why businesses suffer from poor cash flow… You Don’t Make Enough Money If that’s the case then consider charging more. Don’t be modest, most of the time you’re better at your job than you think and if you have poor cash flow, this means you are potentially undercharging your clients. You Forget To Bill People If we had a penny for every time we heard a client say they forgot to bill someone (or that they were slow to bill their customer, so the customer was slow to pay), well, we’d be very wealthy. Consistency with billing and following up with your clients will ensure a steadier cash flow … Continue reading 6 Reasons Why You Have Poor Cash Flow