Pay your creditors strategically

Guest blogger Heather Stone  – You’ve Been Promoted

My number one tip is never look at your cash flow position as “bad”.  Instead view it as a great position to be in for a growing business – it allows us to deal with it better!

We then break invoices into business related expenses – eg, rent, wages, phone, advert marketing, etc….to pay 1st, suppliers 2nd. And people that keep bothering me 3rd!!!

This is a very light hearted January tip for you to use.  Over and out from my beachside chair!

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

Related posts:

1. 31 Day Cash Flow Challenge Day #6 – Keep stock levels to a minimum
2. 31 Day Cash Flow Challenge Day #7 – Set your credit term carefully
3. 31 Day Cash Flow Challenge Day #1 – Make sure you know your current financial position