One of the biggest challenges for very small businesses is cash flow. When you’re a freelancer or solo professional, you can’t always control when clients pay you, especially if you are serving very large organizations. Even if you make a six-figure income or above, there may be times during the year when you’re short of cash for this reason.
There is really only one way to address cash-flow crunches, and it’s planning so you can prevent them in advance.
So how do you pull this off, when you’re facing demands to reinvest in your business, pay your own vendors, and pay your personal bills?
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