What cash flow management techniques would you recommend for someone starting a new business?

1. Create a cash flow forecast to predict future income and expenses. 2. Keep track of all financial transactions and regularly reconcile accounts. 3. Implement a system for invoicing and collecting payments from customers. 4. Negotiate favorable payment terms with suppliers and vendors. 5. Keep a close eye on inventory levels to avoid unnecessary costs. 6. Set aside a cash reserve for emergencies or unexpected expenses. 7. Monitor and control expenses to ensure that they do not exceed revenue. 8. Consider financing options such as loans or lines of credit to maintain adequate cash flow.