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The 8 cash-flow secrets of savvy entrepreneurs

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Small business success comes down to whether you can pay your bills and still turn a profit. Seems obvious, but achieving a healthy balance between cash intake and output is an art form that confounds many entrepreneurs. According to Ty Freyvogel, entrepreneurial guru and author of Seize the Century! there are eight tips for achieving successful cash flow:
1. Assume that your estimates are wrong—and save for a rainy day.
No matter how carefully you plan, you won’t be able to accurately predict the “weather” of your operating environment. Be sure to give yourself a healthy margin for error. In other words, keep a nice cushion of “extra” money in your account for those surprise bills.
2. Don’t underestimate the value of a good customer.
Remember that your customers are the reason you exist. Be good to them. Don’t let success change your mission to give every client and customer the royal treatment. They are, after all, the fac...(register to read more)

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