🧠 Cashflow Clarity: What Smart Small Biz Owners Do (Special Edition)

CASH TIPS YOU NEED
Work on these items this month

I don’t always do special editions, but felt the need to get this out to you all as we continue moving through May and Q2. I’ve had a few questions surrounding what some of you may consider basics, but to others this is brand new knowledge to them as business leaders or owners. Let’s make sure you are taken care of this quarter and throughout the year.

Please remember email [email protected] with any questions or concerns you have. I’m here doing this to help you out and want you to do well this year and moving forward.

THE ISSUE
Struggling to maintain cash balance clarity

You’ve got invoices out, bills coming in, and a bank balance that feels like a mystery. Sound familiar?

Even profitable small businesses can run into trouble if cashflow isn’t managed right. So here are 5 quick wins you can apply starting this week. No fluff, just what works.

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THE TIPS
Do these things today

1. 🔁 Review Cash Daily (Not Weekly or Monthly)
Set a recurring 15-minute slot every afternoon. Look at what came in, what went out, and what’s expected in the next week. This habit alone gives you the clarity most small business owners miss.

2. 🕒 Shorten Your Payment Terms
Still stuck on 30-day invoices? Try 7 or 14-day terms. Offer small early payment discounts or add late fees. Faster cash in = less stress and more control.

3. 💼 Use a Separate Tax Account
Move a small % of revenue to a dedicated tax account each month. It’s a simple move that keeps tax season from turning into a panic attack.

4. 🧽 Clean Up Silent Leaks
Once a quarter, do a mini audit. Cancel software, subscriptions, or services that aren’t essential. $27 here, $49 there….it adds up fast and drains your margins.

5. 🛟 Build a 2-Month Buffer
Start stashing away cash until you’ve got two months of expenses in reserve. Even $100 a week builds up over time. This is your financial safety net and your confidence booster.

SKIPPED THE ABOVE?
For you readers who just want the main details

TLDR

✅ Don’t wait for a cash crisis — build habits now.
✅ Weekly check-ins beat monthly surprises.
✅ Faster payments and cleaner expenses = stronger cashflow.
✅ Your business deserves a safety buffer — even a small one makes a big difference.

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!

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