Improving The Liquidity Of Your Business
Pay particular attention to planning success and liquidity that is as precise and comprehensible as possible. Carry out regular target/actual comparisons during the year in order to identify additional capital requirements in good time.
Avoid unproductive capital
The cheapest way to create liquidity is to use unused capital in your own company. Reduce several cash registers to one. Keep your stock as small as possible or consider selling your non-operating assets if the market situation is favorable.
Lower your costs
Every dollar saved strengthens liquidity and increases profits. Negotiate prices with your suppliers on a regular basis and also obtain competitive offers.