5 Tips for Managing Your Businesses Cash Flow Activity
Cash flow activity is crucial for the long-term survival of early phase businesses and established businesses. Poor attention to cash flow can bankrupt a profitable business. For example, you may find yourself in a position where you sold a lot of inventory. While you wait for payment on that inventory, your inventory supplier expects payment now. Despite the fact that you’re profitable on paper, you can’t pay your bills. Understanding where your cash comes from and when, as well as where it goes and when, can mean the difference between success and bankruptcy. So, here are five tips for staying on top of your cashRead More →