Cash Flow Management Strategies for Small Business
What’s better than Cash? Cash-Flow! Especially for Small Businesses
Cash flow management is a critical component of running a successful small business especially during economic turbulences and rising interest rates. According to Statistics Canada and a study by Canadian Survey on Business Conditions in 2022, small businesses continue to face significant cash flow issues and have lower liquidity and working capital than their bigger counterparts.
Following the pandemic, now more than ever, it is important to manage your cash flow for the sustained profitability and growth of your business. Here are a few strategies that you can position yourself for optimal cash positive gain and ensure your long-term success: