Cash Flow: is the Lifeblood of any Business. Are you successfully managing your Cash Flow?
Successful cash flow management can lead to your company’s continued success while unsuccessfully managing cash can lead to it’s demise. Yesterday’s article talked about: “Cash Flow: Handle it now; before it becomes out of control”.
How are you handling yours? Have you built a cash flow statement? And if you have do you meet with the Sales and General, Administrative and Operations department on a regular basis to work on any challenging periods that are coming up. I believe that building a cash flow forecast and holding regular meetings to discuss the cash challenges is a strong method for mitigating and avoiding any periods of cash shortages. A cash shortage could lead to your company’s demise. What are you planning to do to strengthen your company’s cash flow?
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