Cash Cash Cash

If your company has a long sales cycle, long lead times or pays employees before client payment – you’re likely focused on cashflow. Having worked with many clients under these conditions, here are some tips to increase your cashflow and relieve cashflow stress.
  • Create pricing structures that incent early payments.
  • Require deposits and payments based on milestones.
  • Increase the frequency of invoicing and shift the timing of payroll.
  • Or add products and services that create immediate cashflow.
YOUR CHALLENGE:  Start by understanding your cash position.  Layout the timing of your expenses, invoicing,m receivables, and payroll.  Then look for the opportunities. If you would like further information or you have any questions about this blog, you can email me at pjweiland@actioncoach.com or call 847-739-3079. Please visit www.workingonthebusiness.com to register for our complimentary workshop, 6 Steps to a Great Business, and let’s work together to help your business grow.  

Time, Energy and Money

I have never met a business owner that didn’t want to save themselves: Time, Energy and Money. If you are looking for the fastest way to become more efficient in your business, then you need to implement systems and processes.  As I tell my clients systematize the routine, humanize the exceptions. By implementing checklists, improved forms, defining roles and responsibilities, and mistake proofing the process – you will increase your capacity without adding headcount. YOUR CHALLENGE:  Start looking at the most common activities that you and your team are involved in – then build a checklist of those activities required to exceed customer expectations along with timelines and responsibility.   If you would like further information or you have any questions about this blog, you can email me at pjweiland@actioncoach.com or call 847-739-3079. Please visit www.workingonthebusiness.com to register for our complimentary workshop, 6 Steps to a Great Business, and let’s work together to help your business grow.