As a new business owner you must be good in handling your business cash flow. Is so stressing when you see your bank account draining and no money coming in. You may feel uncomfortable, and you operate your business in fear which may result in bad decision in your business.
1. Track your Income and Expenses - You cannot manage your money when you don't know when your money goes. Record your Income and expenses.
2. Pay your loan in long term - When you getting your capital via loan choose to pay in long term, so you can use your cash on hand to buy inventories or asset that can generate more profit.
3. Do not use business money for personal expenses - most new business owner forgot to separate the personal money to business money.
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