--- title: Business Coaching in South Africa | GROW description: Manage your cash flow better with these 10 simple and practical steps, including a FREE cash acceleration worksheet to help you brainstorm your own ideas ! --- [Business Coaching in South Africa | GROW Blog ](https://blog.grow-za.com) # [Business Coaching in South Africa | GROW](https://blog.grow-za.com/10-steps-better-cash-flow-management) Written by [Graham Mitchell](https://blog.grow-za.com/author/graham-mitchell) | Jul 20, 2017 7:57:08 AM ### 10 steps to better cash flow management You know that cash is the oxygen that fuels growth. Without it, your business could simply tank – despite being profitable. But we understand how hard it can be to manage cash flow properly and free your business from the grasp of business loans and/or investors. Below are a few, simple and actionable steps that you can take to get cash into your business sooner rather than later. *NOTE: Most of these don’t need you to make more sales!* 1. **Track how cash is flowing** in your business **DAILY**. You’ll learn a lot more about the origins of and possible solutions to your cash flow problems if you keep track on a daily basis. We encourage our clients to do this and it makes a big difference! 2. There’s nothing wrong with asking for **payments upfront** – so ask your clients to do that, where possible. Don’t offer long payments terms if it isn’t necessary. Make sure that cash gets into your bank account ASAP. 3. **Invoice, invoice, invoice**! Invoice on time, and follow up on payments. Your customers take you more seriously if you do this, too. They will be a lot more sensitive to ensuring you get paid on time, every time. 4. For recurring payments, obtain authorisation from your customers to **debit their accounts** every payment period – whether that be weekly, monthly payments, etc. This isn’t just an option for very large “corporate” businesses. 5. Understand **why your clients pay you later**. They might be unhappy with your product or service, or perhaps an invoice has recurring mistakes. Fixing these issues means you get more cash, faster. 6. Give value **back to customer**s who pay on time or in advance to encourage this behaviour. 7. Time your billings to coincide with your **customer’s payment cycles**. 8. The faster you complete projects, the faster you get paid, so **shorten cycles for delivery** of your products or services. 9. Offer a product or service so valuable that it **gives you leverage** with your customers, to get them to pay you sooner. Tied to this is ensuring you have a strategy that beats the competition. 10. Pay many of your business’s expenses **with a business credit card** and pay it off as cash comes back into your business. **But be careful with this one**. Use the tips above to make sure you have a regular stream of cash coming into your business. That way, you are sure that you won’t end up with a credit card bill at the end of the month that you cannot afford to pay. [View full post](https://blog.grow-za.com/10-steps-better-cash-flow-management) ```json { "@context" : "http://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Graham Mitchell" }, "dateModified" : "2024-09-02T07:16:14.824Z", "datePublished" : "2017-07-20T07:57:08Z", "headline" : "Eliminate those cash flow headaches", "image" : { "@type" : "ImageObject", "height" : 169, "url" : "https://144839457.fs1.hubspotusercontent-eu1.net/hubfs/144839457/Imported_Blog_Media/eliminate-cashflow-headaches-300x169-1.png", "width" : 300 }, "mainEntityOfPage" : "https://blog.grow-za.com/10-steps-better-cash-flow-management", "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "height" : 60, "url" : "/hs/hsstatic/content_shared_assets/static-1.4092/img/default-amp-logo.png", "width" : 60 }, "name" : "Business Coaching in South Africa | GROW Blog" } } ```