Cookie Preference Centre

Your Privacy
Strictly Necessary Cookies
Performance Cookies
Functional Cookies
Targeting Cookies

Your Privacy

When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. This information might be about you, your preferences, your device or used to make the site work as you expect it to. The information does not usually identify you directly, but it can give you a more personalized web experience. You can choose not to allow some types of cookies. Click on the different category headings to find out more and change our default settings. However, you should know that blocking some types of cookies may impact your experience on the site and the services we are able to offer.

Strictly Necessary Cookies

These cookies are necessary for the website to function and cannot be switched off in our systems. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. You can set your browser to block or alert you about these cookies, but some parts of the site may not work then.

Cookies used

Performance Cookies

These cookies allow us to count visits and traffic sources, so we can measure and improve the performance of our site. They help us know which pages are the most and least popular and see how visitors move around the site. All information these cookies collect is aggregated and therefore anonymous. If you do not allow these cookies, we will not know when you have visited our site.

Cookies used

Google Analytics

Functional Cookies

These cookies allow the provision of enhance functionality and personalization, such as videos and live chats. They may be set by us or by third party providers whose services we have added to our pages. If you do not allow these cookies, then some or all of these functionalities may not function properly.

Cookies used




Targeting Cookies

These cookies are set through our site by our advertising partners. They may be used by those companies to build a profile of your interests and show you relevant ads on other sites. They work by uniquely identifying your browser and device. If you do not allow these cookies, you will not experience our targeted advertising across different websites.

Cookies used


This site uses cookies and other tracking technologies to assist with navigation and your ability to provide feedback, analyse your use of our products and services, assist with our promotional and marketing efforts, and provide content from third parties


Here are some suggested Connections for you! - Log in to start networking.

How to Boost Your Business Cash Flow - Lewis Robinson - Blog

How to Boost Your Business Cash Flow

Your cash flow is vital for your business. Positive cash flow gives you more liquidity and allows you to run (and grow) your business successfully. Negative cash flow, on the other hand, can cause some serious harm. If you’re looking to boost your business cash flow, here are 6 ways to achieve your goal.


Encourage Customers to Pay Invoices on Time

Invoices should be sent out as soon as possible. At the same time, you should encourage your customers to pay on time or early. Late invoice payments can put a serious strain on your cash flow.

Send out reminders a few days before the payment is due, on the due date, and then again after the due date if the payment still hasn’t been made. You can incentive early payments by offering a discount or impose a penalty on those who pay late.

Sponsor message - content continues below this message

2022 '17th annual' Global Contact Center World Awards NOW OPEN

Enter your Center, Strategy, Technology Innovation, Teams and Individuals into the ONLY TRULY GLOBAL awards program - regarded by many as being like the Olympics for the Contact Center World! Join the best from over 80 nations and compete for the most prestigious awards out there!


Content continues ….

Another option to consider is invoice factoring. With this solution, you can receive funds immediately, instead of waiting until your customers pay. This helps to provide you with the cash flow boost you need right away.  


Try a New Marketing Strategy

If your current marketing strategies aren’t producing the kinds of results you’d like to see, consider trying something else. In today’s digital world, digital marketing has become a major focus of many businesses. Consider optimizing your website or adding a blog or vlog.

Many businesses are on social media. If you haven’t created a profile for yours (or haven’t updated your profile in a while), now may be the perfect time. For social media to be effective, however, you need to be active on your profiles, engage your followers, and respond to comments and questions.


Add New Products or Services

Take a look at your current products and services and look for ways to add something new. Maybe there’s a product or service you don’t yet offer but that will fit well with what you currently offer. You may also think about unique ways your business can generate additional revenue, such as a seasonal special or renting out a space for parties or other events. Don’t be afraid to get creative.


Get Rid of Old Inventory

Do you have inventory in your business that’s not moving? If it’s just sitting there, it’s taking up valuable space that can be used for products that do sell. Avoid ordering (and stocking up on) inventory that doesn’t sell well. Instead, clear out space for the products that do move. This might involve selling slow-moving inventory at a discounted price. You’ll be able to get some money for the inventory and make space for more items that you know your customers will buy.


Talk to Your Vendors

If you have a good relationship with your vendors, consider asking them for a discount. Many vendors are willing to provide discounts for bulk purchases. Ask to see what kinds of deals you can work out with yours.


Update Old Equipment

If your equipment is old, chances are that it’s not nearly as efficient as it used to be. This can lead to reduced productivity, which can then impact your cash flow. Updating to the latest technology can help to increase your productivity and give your cash flow a boost.

For some, buying new equipment can throttle cash flow, and leave you in a tight spot. To keep your cash flow where it needs to be, you may be able to finance or lease the equipment instead. If you need new equipment, consider all of your options before you buy.


Look for Areas to Cut Costs

Another option to help increase your cash flow is to look for areas where you can cut costs. Look at your business cash flow statements and determine if your expenses are necessary and if you can reduce how much you pay. For instance, you may be able to reduce energy costs by altering the thermostat settings, take advantage of natural light, and shut off equipment when it’s not in use.


Positive cash flow is essential for running and growing your business successfully. There’s no singular way to boost your cash flow. Try a few strategies and see which ones work best for you.

Publish Date: March 4, 2020 3:57 PM

About us - in 60 seconds!

Submit Event

Upcoming Events

The most important day of the year for the CC & CX industry in the world!

We are proud to announce the winners of The 2022 '17th Annual' Global Top Ranking Performers Awards, The World's Most Prestigious Awards in the industry! Read More...

Newsletter Registration

Please check to agree to be placed on the eNewsletter mailing list.

Latest Americas Newsletter
both ids empty
session userid =
session UserTempID =
session adminlevel =
session blnTempHelpChatShow =
session cookie set = True
session page-view-total = 1
session page-view-total = 1
applicaiton blnAwardsClosed =
session blnCompletedAwardInterestPopup =
session blnCheckNewsletterInterestPopup =
session blnCompletedNewsletterInterestPopup =