Leasing Programs for Commercial Printers

Five Ways To Keep Your Cash Flow Healthy


It is important for every business owner to understand the importance of maintaining a healthy cash flow. Simply put, cash flow is one of the most critical aspects or running a business. There are a number of opportunities to conserve your business' cash - here are a few easy tips. 

 

  1. Know what drives your business - Spend some time researching what really makes your business successful. What have your customers come to expect from you, and what sets you apart from your competitors? Once you've established your profit center, you can work on maximizing it for your business. 
     

  2. Set prices accordingly - Evaluate your product and service costs closely. Along with your business' image and overhead expenses, use this information to set prices and generate profit. Carefully assessing your costs and looking for new ways to reduce spending will create efficiency for your business, 
     

  3. Save the cash you have on hand - Be selective about where allocate your cash. Use cash only when it's completely necessary, and avoid committing to purchases before you actually need them. 
     

  4. Don't buy, lease instead - When it makes sense for your business, leasing equipment is a great option for conserving capital. With 80% of all U.S. businesses leasing some type of equipment, it's easy to understand why. Leasing your business equipment allows you to take advantage of several tax benefits while deducting the monthly payments from your taxable income. Leasing also allows you to respond to flexibility to technology changes since most leases only last for 2 or 3 years, leaving you free to upgrade to newer equipment as it becomes available. 
     

  5. Choose multi-purpose tools - When you do upgrade to new equipment, always consider tools that can do multiple jobs. This is one of the easiest ways to decrease spending and maximize efficiency. 

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Xitron 2020

InterTech™ Technology Award Recipient

A subsidiary of Global Graphics PLC.

Xitron is the leading developer of the Harlequin RIP, Harlequin RIP based workflow, and TIFF Catcher software designed for computer-to-plate (CTP), digital output, high-speed inkjet, and direct-to-press systems. The Navigator RIP has long been recognized around the world as a best in class implementation of software RIP technology with over 35,000 installations worldwide in commercial offset, web offset, flexo, packaging, screen printing, and transactional data applications. Offering "prepress independence®," Xitron systems are compatible with virtually every output system available today. Solutions include Screen PTR RIP kits, Agfa RIP kits, Scitex RIP Kits, ECRM RIP Kits, Creo RIP Kits, QMDI RIPs and many others.

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