How to Improve the Cash Flow in Your Bar

Posted by barblog on Jan 28, 2010 in Bar Management, bar owner | 1 comment

Running a hospitality business can mean that you have good cash flow. After all, you normally purchase your items on 30 days credit, sell them for cash, bank the cash and pay the suppliers the following month.
In an ideal situation, this is how it remains, however most businesses are not ideal situations and cash flow is limited for a number of reasons. If you find it difficult to make the payments demanded of you each month, you know you have a cash flow problem.
In this video, I look at one huge area where you can free up cash quickly with an actionable set of tasks you need to take to improve your situation today.
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