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  1. #1
    Jase is offline Junior Member
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    Is there any way to streamline cash flow?

    I have just started working from home, previously was associated with an NGO. I have started an online book selling website and looking to incorporate other online services to it. As for now my revenues and income is just from the sale of books. As a newbie incomes are not that regular. I’m in awe, and seriously finding ways to streamline the cash. Now, my first stress is to manage and payoff some of basic expenses. I can’t make it to payback the bills even. Please suggest ways.
    Any help will hearty appreciated.

  2. #2
    rogercbryan's Avatar
    rogercbryan is offline YE Veteran
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    I also run an online book store. You will find that Feb-Apr are some of the slowest months for sales (as my software provider is telling me). Have you calculated your operational break even? How close are you to reaching it?

  3. #3
    mthomas's Avatar
    mthomas is offline Senior Member
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    Unfortunately there is no easy way around streamlining cash flow. You just have to keep concentrating on selling. Market in every way you can think of and actively seek out inexpensive or free marketing techniques. Going to some of the usual entrepreneur and marketing websites will give you a lot of tips on the best ways you can market inexpensively.
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  4. #4
    rogercbryan's Avatar
    rogercbryan is offline YE Veteran
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    Quote Originally Posted by mthomas View Post
    Unfortunately there is no easy way around streamlining cash flow. You just have to keep concentrating on selling. Market in every way you can think of and actively seek out inexpensive or free marketing techniques. Going to some of the usual entrepreneur and marketing websites will give you a lot of tips on the best ways you can market inexpensively.
    This is good info... along with this you need to concentrate on selling using systems that do not charge you up from (Amazon Vs. EBay) as you will have lower capital holding (time value of money) expenses. If you already have all your inventory listed and you can not afford more inventory then you might have a problem.

    Where are you located and how are you selling your books?

  5. #5
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    VCNetwork is offline Senior Member
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    If anyone finds out how to Streamline cash flow, let me in on the secret!
    Do you have a trade skill? Business idea? Need partnership?
    Come to Venture Capitalist Network and get yourself noticed for free!

  6. #6
    Benjamin is offline Junior Member
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    Yes, absolutely with all new business owner’s financial restrictions are there. I would suggest adding up some affiliates to your website; try to increase the traffic, add Google ads and other features that will fetch extra revenue. For now to take care of your basic expenses look out to lend money for short period. There are certain sites that give you the benefit to take small amount from them as payment/cash loan. It’s the best way to lend money and payback easily. As its small amount there is no such documentation and formalities required that would have been with bank. Try to find out some of websites that provides short term loans. Few days ago I come across My-Bailoutcash .
    Check it, May this helps you out.

    All the best!

  7. #7
    mthomas's Avatar
    mthomas is offline Senior Member
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    Michael Gerber actually wrote extensively on optimizing cash flows in E-Myth Mastery.

    He argued that cash comes in both stocks (ie: assets) and flows (ie: revenues), and it is important that you identify the two and locate hidden sources of cash whenever possible. He also argues that it is vital to speed up the flow of cash in your company and ensure that there are no bottlenecks preventing cash from entering or exiting your business.

    I would be doing the chapter a disservice by summarizing it any further, so I would definitely recommend you pick up the book and read it. This particular subject is located in the "Financial Leader" chapter.
    Motivation for Entrepreneurs
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  8. #8
    innagle is offline Junior Member
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    Generic advise, that also applies to cash flow : Keep a tight log of everything you do, and analyze it every now and then. Not only can you see what you did right and wrong - you can also see what you didn't do.
    www.innagle.com - a free service, supporting a global market

  9. #9
    .Andy is offline Junior Member
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    YOu have to concentrate on selling and working hard.

  10. #10
    rosesmith is offline Junior Member
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    Yes there are many things which you can do by just sitting at home to earn your livelihood. Lots of online opportunities are there, which can help you earn a good income and make you financially strong. You just have to be aware of the right ones for you and be willing to devote time so that you can get the knowledge better that will help you to be successful. At this instant for having an immediate financial push you can think of taking a small amount as loan. I know a website called My-Bailoutcash that can help you to get cash payment loan.

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