{"id":4731,"date":"2014-01-29T08:28:06","date_gmt":"2014-01-29T06:28:06","guid":{"rendered":"http:\/\/www.officetodo.com\/public\/?p=4731"},"modified":"2014-01-26T12:28:50","modified_gmt":"2014-01-26T10:28:50","slug":"cash-flow-management-when-you-have-longer-agreements","status":"publish","type":"post","link":"http:\/\/www.officetodo.com\/public\/cash-flow-management-when-you-have-longer-agreements\/","title":{"rendered":"Cash flow management when you have longer agreements"},"content":{"rendered":"

Yes, you who has signed a longer term service agreements, you need to consider how you manage your cash flows before you sign off the agreement.<\/span><\/span><\/span><\/p>\n

It should be obvious without saying, but as it happens, it\u2019s not done often enough and not with careful enough consideration. Just to give an example:\u00a0<\/span><\/span><\/span><\/p>\n

You sign an agreement where you get regular fee every month, however you yourself need to acquire new equipment just for this service. Yes, at the end of the day you will be in black that is you will earn profits, however what you must consider is if you have the money for it. If you do, then there\u2019s no problem. However, if you don\u2019t, you need to reconsider the payment schedule in the agreement.<\/span><\/span><\/span><\/p>\n

Another example, if the service isn\u2019t with a regular fee, but you\u2019d rather take one-off payments every now and then, rethink the payments schedule with your own cash outflows \u2013 when will you need most cash to provide the service.<\/span><\/span><\/span><\/p>\n

Cash flow management is as important in running a business as is getting paid and paying your invoices. It\u2019s as important as paying your taxes, it\u2019s your bread and butter and quite litterally if you think you need to pay salaries aswell.<\/span><\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Yes, you who has signed a longer term service agreements, you need to consider how you manage your cash flows before you sign off the agreement. It should be obvious without saying, but as it happens, it\u2019s not done often enough and not with careful enough consideration. Just to give an example:\u00a0<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27,66],"tags":[],"class_list":["post-4731","post","type-post","status-publish","format-standard","hentry","category-3-controls","category-3-3-cash-movements"],"aioseo_notices":[],"_links":{"self":[{"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/4731","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/comments?post=4731"}],"version-history":[{"count":1,"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/4731\/revisions"}],"predecessor-version":[{"id":4732,"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/4731\/revisions\/4732"}],"wp:attachment":[{"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/media?parent=4731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/categories?post=4731"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/tags?post=4731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}