What is the best cash flow strategy for my business?

[austinmo]

I am a business owner seeking any suggstions. I have a contract with the army and have subcontractors working for me at three fitness facilities. I am creating a website for the clientele to purchase and schedule themselves online and also will be able to receive payment at the front desk in the form of check. I will be paying the subcontractors twice a month through wire transfer and sending the army a check at the end of the month.

I will be holding on to the income generated by my business for a large portion of the month and was wondering what my options were for investing this money or putting it into a money market account to generate the most additional income possible during this time.

Also, any suggestions on how to improve on the system about to create to secure the exchange of money between my subcontractor and clientele.

Thank you for you time. Have a great day.

Austin Morioka