I am unable to pay my previous dues due to a cash crunch


#1

How do I ensure that my cash flow is in a good state?


#2

Keep checking your working capital requirements - ignoring this can later cause a sudden cash crunch.

Collecting dues on time is also essential - these can later snowball into cash problems. Give customers the benefits of alternative ways of making payments, like online channels.

Maintain a cash reserve at all costs - this can help during a shortfall. Also, avoid making premature payments, unless you’ve planned them well. Arrange for funds in advance, before undertaking any changes or upgrades to technology, equipment and taking new employees.