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Manage Debt Effectively

These tips can help you reduce costs and boost your cash flow.
September 24, 2009

Amid this volatile economic climate, small business owners may be facing a number of challenges, such as holding too much inventory or sluggish receivables, which can send a business's cash flow into the red.

By identifying the areas where you can reduce costs and increase revenue, you can begin managing debt more efficiently and revive your business's cash flow.

Use these tips to help manage your business debt:

These tips could help increase revenue:

Managing debt is integral to sustaining your business's cash flow. Reducing expenses and increasing revenue can help manage your business debt. Consider consulting a certified public accountant or a trusted financial advisor for additional advice about managing debt.