Plan for the lumps

Be aware of when lean cashflow patches are coming up and plan accordingly. Avoid funding major purchases from your business’ working capital unless you are sure you have the cash to cover it.

Have a good understanding of the when your high buying times and the low buying times are.  Analysis year on year income and you’ll be able to map the peaks and troughs, then you can plan your spending to suit.

Follow the 31 day Cash Flow Challenge here and on Facebook.

Related posts:

1. 31 Day Cash Flow Challenge Day #5 – Carefully budget payments for essential expenses
2. 31 Day Cash Flow Challenge Day #2 – Make sure the price is right and you are covering your costs
3. 31 Day Cash Flow Challenge Day #7 – Set your credit term carefully