9 ways to help your trades business avoid cash flow headaches

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      FAQ'S

      Some common cash flow problems for trades businesses include late payment from clients, unexpected expenses, and inefficient payment processes.

      One strategy is to offer discounts for early payment or penalties for late payment. Another approach is to negotiate payment terms upfront before starting a project.

      Provide your team with training on financial management, set clear expectations for cash flow management, and consider incentivizing them for meeting cash flow targets.

      Consider factors such as the size of your business, your budget, and the features you need. Research different options and ask for recommendations from other trades business owners.

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