What's the best way to generate cash flow without incurring debt?
- Thread starter Alex_BM
- Start date
The best way to generate cash flow without incurring debt is by identifying opportunities that will bring in revenue and then making sure you have a plan in place to capitalize on those opportunities. For example, if you're running a business, you might find that there's an opportunity to sell your products or services at a higher price point than what you're currently charging.
In order to make this work, you need to identify the people who are willing to pay more for your product or service (the "prospects"), develop a relationship with them so that they trust you enough to buy from you at the higher price point (the "relationship"), and then implement a plan for how you'll deliver on your promise of providing quality products/services at a lower price point (the "delivery").
In order to make this work, you need to identify the people who are willing to pay more for your product or service (the "prospects"), develop a relationship with them so that they trust you enough to buy from you at the higher price point (the "relationship"), and then implement a plan for how you'll deliver on your promise of providing quality products/services at a lower price point (the "delivery").