How to Take Charge of Your Cash Flow
Essential Tips to Controlling and Keeping Your Cash Where You Need It
Cash flow management is critical to your business’s survival. Cash is king and nowhere is that more apparent than in the day-to-day finances of a business.
Poor cash flow planning can leave you short — struggling to pay employees or cover operating expenses. You may have plenty of business coming in, but it won’t help if you need funds now. Good cash flow management means you plan ahead and minimize those gaps.
Simply put, cash flow management is postponing capital expenditures as long as possible while encouraging anyone who owes you money to pay as quickly as possible. The first step to taking charge of your cash flow is evaluation.