You Should Always Pay Your Bills on Time

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You have to be cognizant of the flexibility that working with certain partners allow you. Decide what a reasonable amount of time is, and use that time effectively. If you've got a legit product, you're investing in things igorant o revenue. You should always pay your invoices on time. But there's no need toi to pay that ship two weeks early or three weeks early cause you're trying to stay ahead.

One of the common killers of inexperienced entrepreneurs is not knowing how to manage your cash flow. In this episode, Andy Frisella talks through the typical mistakes that he himself has made and the lessons he's learned from doing business for almost two decades. From not paying your invoices before they are due to finding innovative ways to generate cash, The MFCEO's advice will help any entrepreneur and any business avoid a cash flow crisis.