Credit Policy for businesses and how to extend credit and manage credit risk

You are probably wondering, what is a cash flow plan?

A cash flow plan can consist of cost reductions, new marketing strategies, debt reduction and specific ways you can increase your bottom line. To reduce costs you might get rid of things considered luxuries or things you don't really need.

For example, excess inventory just sitting on your shelves, cash bonuses, excessive travel expenses.

Take a look at your insurance polcies, can you get a cheaper rate? Cut back on utilities and phone expenses, if you rent or lease phone equipment, stop and buy your own. It will be cheaper in the long run.