Cash is king!
4 ways to keep your cash flow healthy.
Tackling cash flow is vital for business success. It surpasses earnings in importance and ensures your company's survival.
Think of it as the engine powering your business car while revenue serves as the flashy exterior. Insufficient cash flow leaves you struggling uphill. On the other hand, a healthy cash flow propels you forward and cushions unexpected expenses.
However, maintaining it is challenging, as revenue alone won't suffice. Monitoring your cash flow is crucial to ensure your hard-earned money is in the bank, covering expenses and yielding profits.
These four steps prevent desperate measures like owner financing, loans, or credit applications for additional funds.
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Partner, Simpkins edwards
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