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Cash flow that is managed effectively is an important part of running a small business and a task that keeps a company operating successfully from one year to the next.
Financial writer Patricia Garner offers her advice on cash flow and debt repayment with her article Small business debt: Financial tips to repay it and improve cash flow.
Click here for the article on the columnist page and read about Patricia.
She lays out steps in an easy-to-read format.
Some of Patricia's tips for cash flow management and debt reduction include:
Hiring a bookkeeper to handle transactions on a once weekly basis or more often is often a worthwhile expense and sitting down with an accountant once a month or quarterly can give a business owner feedback on financial data used in decision making.