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Are Your Actions Contributing To Cash Flow Issues?
Are your actions (or lack thereof) contributing to business cash flow issues?
Build A Financial Reserve For Your Business
Just as individuals should build a financial reserve (safety net or “rainy day” fund) for themselves, businesses (especially, small businesses) should do the same.
Cash Flow Projections
A cash flow projection is another tool to help manage and monitor the financial health of your business and for fiscal year planning and budgeting. In a cash flow projection, you are projecting your potential monthly cash inflows and outflows.
Don’t Rob Peter To Pay Paul!
Steady cash flow is vital for any business but even more so if you’re an independent small business. After all, if you don’t have a steady cash flow, you can’t pay bills, employees or even yourself!