1. Maintain accurate financial records: It is important to keep track of all financial transactions, including expenses and income. This will help to identify potential cash flow issues before they become problematic.

2. Create and stick to a budget: A budget helps to prioritize expenses and ensures that there is enough money to cover all necessary expenses. A proper budget can also help businesses and individuals to avoid overspending and ensure that all bills are paid on time.

3. Monitor cash flow regularly: Tracking cash flow on a regular basis can help individuals and businesses avoid any surprises that could negatively impact their finances. Regular monitoring also helps to identify any upcoming gaps in cash flow, which can be mitigated with proper planning.

4. Utilize payment terms: If the business or individual has payment terms with suppliers or clients, then they should take advantage of those terms to manage their cash flow effectively. These payment terms can be used to extend the time frame for payments, allowing for greater flexibility in managing cash flow.

5. Negotiate payment terms and credit: Individuals and businesses can negotiate payment terms and credit with their suppliers, banks, and clients. This can help to improve cash flow and provide more flexibility in managing finances.

6. Keep cash reserves: Establishing a cash reserve can provide a buffer against unexpected expenses or disruptions in income. This reserve should be held in a separate account that is easily accessible but not easily used.

7. Manage credit effectively: Individuals and businesses should only take on credit that they can afford to repay. They should also ensure that they make their payments on time and avoid overextending their credit.

8. Plan for the future: Individual and businesses should create a financial plan that takes into account potential future income and expenses. This helps to ensure that they are prepared for any changes in cash flow and can make adjustments accordingly.