Effective Debt Management Holds the Keys to Small Business Cash Flow and Growth

 

Effective debt management through a robust accounts receivable system is essential for small business cash flow and growth, necessitating automated payment schedules and strategic policy adjustments. Collaborating with a collection agency as a strategic partner can enhance revenue recovery while preserving positive customer relationships.

How critical is effective debt management for the financial health of small businesses, particularly in maintaining cash flow?

Mfon Akpan, CGMA, Assistant Professor of Accounting at Methodist University, stresses the importance of collecting outstanding debts to avoid unnecessary borrowing and strengthen a business’s financial position. “It’s very important to collect outstanding debts that carries over to the financial health of the business. You don’t want to increase any borrowing, which can damage or weaken the financial position of the business,” Akpan says.

Recent Episodes

In this episode of the SparkCast, Aby Varma—founder of Spark Novus, a firm that helps marketing leaders adopt AI responsibly and strategically—sits down with Daniel Kravtsov, CEO and Co-Founder of Improvado. Daniel shares his unique journey from Russia to founding a cutting-edge martech company in the Bay Area. Together, they explore how AI agents…

At SchraubTec 2025 in Hanover, Germany, Apex Tool Group showcased its latest solutions at the intersection of precision and performance. This industry-leading event brought together innovators and manufacturers pushing the limits of smart assembly. With Apex’s presence, the spotlight was firmly on engineering excellence and future-ready tool technology.

In the world of industrial manufacturing, the real breakthrough often comes not from the tool itself, but from the moment a frustrated process finds its fix. For customers struggling with inefficiencies, injuries, or inadequate support, the right solution can feel like a long shot—until someone shows up with the right insight and product lineup….