5. Make payroll a manageable expense. For many unbiased retailers, payroll is the biggest cash outflow after merchandise payables. A payroll that is primarily made up of salaried and full time hourly staff might provide a level of stability however may be pretty rigid and can create significant money circulation challenges, particularly during slower intervals. A extra balanced payroll, between salaried and full-time hourly workers and part-time workers, supplies the flexibility to extra closely align payroll dollars with when they’re really needed.

Ask yourself, truthfully, isn’t it better to create a month-to-month funds that may inform you, no holds barred, …