Intro: Cash Flow Cycle Explained | 1. Onboarding | 2. Invoicing | 3. Vendors | 4. Metrics | 5. Accounts Receivable Problems
Welcome to the first video in our series of optimizing Cash Flow for small business owners. I’m David Worrell from FUSE Financial Partners and today I want to talk to you about the most important thing you can do to prevent cash flow problems: have a good onboarding process for your new customers. Cash flow optimization starts with the policies and practices used at the time you meet a new customer. You want to bring them on before you actually start doing work.