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Welcome to Episode 128 - 7 Ways To Increase Business Cash Flow - Collect Your Debtors

In this video, we explore strategies to enhance your business's cash flow by efficiently collecting from your existing debtors. Discover effective techniques to expedite debt collection and fortify your financial foundation without needing a massive influx of new customers.

1. Implement Effective Credit Policies
2. Prepayment or Deposits
3. Incentivize Prompt Payments
4. Utilize Technology to Streamline Collections
5. Offer Multiple Payment Methods
6. Maintain Regular Communication
7. Regular Monitoring and Follow-up

By employing these strategies, you can navigate the complexities of debt collection and optimize your cash flow management. Remember, success in cash flow management is not just about balances and ledgers—it's about steering your business towards growth and prosperity.

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Nic Clark is dedicated to growing your revenue, profit, cash flow, and business value.

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