🚨 4 Cash Flow Hacks Every Small Biz Needs Right Now

CASH FLOW TIPS FOR YOUR SMALL BIZ
Start taking control of cash today

Late payments are more than a headache. They drain your momentum, delay payroll, and make it harder to plan for growth. With 61% of small businesses citing late payments as a top issue in 2024 (I’d be higher for 2025 so far if I were a betting man!), it’s time to build a proactive defense that keeps cash moving and reserves growing.

Here are four real-world strategies to help you out this coming week.

TIPS YOU CAN IMPLEMENT NOW
Start with these to take control of cash ASAP

1. Tighten Your Invoicing Process

• Send invoices immediately upon job completion. Delays on your end train clients to delay payments too. You shouldn’t batch invoice.

• Use invoicing software that sends auto-reminders at 7, 14, and 30 days.

• Include clear terms like “Net 30” or “Due Upon Receipt” and late fees of 1.5% per month. Implement the late fees you all!

• Accept multiple payment options to eliminate excuses: ACH, Wire, credit card, PayPal, or even Apple Pay.

2. Incentivize Early Payments

• Offer a 2% discount for payments made within 10 days if giving Net 30 out. Make sure discounts make sense though and aren’t eating into margins.

• This strategy is used by large wholesalers to speed up cash flow and it works for service providers too if done right.

• Add this language to your invoice footer: “2/10 Net 30” means 2% off if paid in 10 days.

What Top Execs Read Before the Market Opens

The Daily Upside was built by investment pros to give execs the intel they need—no fluff, just sharp insights on trends, deals, and strategy. Join 1M+ professionals and subscribe for free.

Join 1M+ professionals and subscribe for free.

3. Use Invoice Factoring (short term) or Advance Payment Tools

• Tools like Fundbox, BlueVine, and Melio let you get paid in 1–2 days while they wait for your client to pay.

• These services often cost less than the damage caused by late payroll or unpaid rent.

• Great for businesses with long project cycles or government clients who pay slowly, but not something I consider a long term solution at all.

4. Build Your Emergency Cash Reserve

• Set a goal to save at least one month of operating expenses within 90 days.

• Funnel 10% of every invoice payment into a “Do Not Touch” reserve account.

• Automate it via your bank or accounting software so you don’t have to think about it.

• Having just $5,000 in reserves gives you leverage when negotiating with vendors or taking on surprise expenses.

THANK YOU SPONSOR
Please check out this week’s sponsor through the link below

Sponsoring the Cash Flow Chronicles today is 1440 Media!

Thank you for supporting our newsletter. Check them out through this link below as this directly helps support our free newsletter and allows us more opportunities to partner with others in the future!

Click below to learn more! 👇️ 

Looking for unbiased, fact-based news? Join 1440 today.

Join over 4 million Americans who start their day with 1440 – your daily digest for unbiased, fact-centric news. From politics to sports, we cover it all by analyzing over 100 sources. Our concise, 5-minute read lands in your inbox each morning at no cost. Experience news without the noise; let 1440 help you make up your own mind. Sign up now and invite your friends and family to be part of the informed.

Subscribe to 1440 today.

Contact me if you’d like to network or partner together. I’d love to chat with you more about the services I offer on the side through Guernsey Consulting. If you do not know, I work full time in Treasury Management and then do consulting on the side. Would love to chat or network with you about it.

Some of those services are listed below that we can help you with!

NEWSLETTER ENTHUSIASTS & PARTNERS
Beehiiv insights and who to follow

Considering starting your own newsletter or currently have an email list you’re looking to improve or transfer? You can get a deal by utilizing my partner link below through Beehiiv. No pressure to pay for a plan until you actually need to so write for free as long as you want/need. Share this with anyone you know.

I truly enjoy reading other newsletters these days so I want to share a few of the ones that mean a lot to me or that have given me some guidance over the years! Check these out, sub to them as it’s free, and enjoy a nice change to your inbox vs spam bots!