7 Tips For Improving SMB Cash Flow

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By Quincy Miller, Executive Vice President Head of Sales for Business and Commercial Enterprise Banking for RBS Citizens Financial Group, Inc.

	According to the Small Business Administration, more than half of 
Americans work for or own a small business. As a result, small 
businesses are responsible for nearly two in every three jobs created in
 the United States each year.

	Most successful small businesses, regardless of industry, have a number
 of things in common. They have strong cash flow, they understand the 
competitive landscape in their industry and geographic region, and they 
have plans and the ability to deal with a range of variables in their 
industry and the overall economy. 
Successfully managing cash flow is one of the most important yet under-appreciated challenges faced by 
small businesses. Companies that have accelerated their receivables, 
streamlined their payroll and established more-advantageous payment 
terms and processes with their vendors, suppliers and customers have a 
definite competitive advantage in today’s marketplace, no matter their 
business.
Continued here. 

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arwendt Members Profile Send Private Message Find Members Posts Visit Members Homepage Add to Buddy List MUSA Official Joined: May 17 2007 Location: United States Status: Offline Points: 588	Post Options Post Reply Quote arwendt Report Post Thanks(0) Quote Reply Topic: 7 Tips For Improving SMB Cash Flow Posted: Jun 20 2013 at 11:21am
	By Quincy Miller, Executive Vice President Head of Sales for Business and Commercial Enterprise Banking for RBS Citizens Financial Group, Inc. According to the Small Business Administration, more than half of Americans work for or own a small business. As a result, small businesses are responsible for nearly two in every three jobs created in the United States each year. Most successful small businesses, regardless of industry, have a number of things in common. They have strong cash flow, they understand the competitive landscape in their industry and geographic region, and they have plans and the ability to deal with a range of variables in their industry and the overall economy. Successfully managing cash flow is one of the most important yet under-appreciated challenges faced by small businesses. Companies that have accelerated their receivables, streamlined their payroll and established more-advantageous payment terms and processes with their vendors, suppliers and customers have a definite competitive advantage in today’s marketplace, no matter their business. Continued here.
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