Accumulating wealth is the name of the game when it comes to running a successful small business. After all, a business that isn't turning over a profit needs to take a step back and reconsider their approach to the market. Luckily, there are a number of little things owners can undertake to help improve their overall cashflow. Establishing an environment where these aspects are emphasised and encouraged will hopefully help increase the overall wealth being created within the business. For example, when it comes to repaying suppliers, it could be wise to take the full allocation of time before making the transaction. Think of the bill as an interest free line of credit, which gives you an extended period of time to collect your own accounts receivable before paying off your own expenses. This will help to increase your overall wealth by keeping your cashflow in the positive territory. Furthermore, offering your own customers an incentive for fast turnaround of bill payment is another way to increase the speed and frequency of incoming cash. If you give them a discount for making fast repayments (within two weeks of billing), this will not only increase your cashflow, but also help to build a relationship and grow your customer retention efforts. Keeping a close eye on your incoming and outgoing transactions is another concept to introduce into your business. Making effective use of small business accounting software will help you to monitor where your money is going, and potentially highlight areas where costs can be saved or cut entirely. There are a number of options open to the smart businessperson who is willing to make small sacrifices in the short term in order to help increase their cashflow and grow their operations heading into the future.