99 Ways to Increase Cash

Are you a director, investor, lender, service provider, officer or a manager at a company where cash is tight? Have management review Mike’s list of 99 ways to increase cash.

EQUITY

Obtain cash from overseas investors.
Obtain a state economic development grant.
Postpone paying dividends.
Raise equity from family, friends, current investors.
Raise venture capital.
Have an IPO.

FINANCIAL REPORTING

Learn the mechanics of cash forecasting.
Prepare cash forecasts daily, using the checkbook format.
Close the subledgers daily.
Tell the controller you want a "soft" close for 2 months of each quarter, and then get rid of an accountant.

VENDORS

Open all certified letters.
Don't use payable systems that automatically select invoices for payment and cut the checks.
Offer warrants or options in lieu of cash.
Convert debt to equity (save interest).
Offer to settle amounts owed for a lesser amount, up front.
Ask vendors to finance your purchases.
Manage payables informally -- stretch.
Manage payables formally -- renegotiate payment terms.
Pay payroll taxes on time.
Respond to all vendor inquiries.

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