NammaBill
Profit on paper is different from cash in hand. Many profitable businesses fail simply because they run out of cash. Managing your cash flow is the most critical skill for a shop owner.
Understand Your Cash Cycle
How long does it take from buying inventory to selling it and getting paid? If you offer credit to customers but pay your suppliers immediately, you will face a cash crunch. Try to align your payment terms.
Track Every Penny
Small expenses add up. Tea for staff, transport charges, minor repairs—record everything in NammaBill's expense tracker. You can't manage what you don't measure.
Manage Receivables Aggressively
Offering credit (Udhaar) is common in India, but bad debts can sink you. Use digital reminders to prompt customers for payments. Sending a professional invoice via WhatsApp often leads to faster payments than a verbal reminder.
Build a Cash Buffer
Always aim to have 3 months of operating expenses in the bank. This protects you against seasonal dips or unexpected emergencies.