You developed your business plan over the course of years. Since realizing your lifelong dream of becoming a business owner, your company has been profitable. However, due to cash flow problems, you’re barely keeping your head above water. If you can relate to this scenario, you’re not alone. According to Entrepreneur, as many as 82 percent of start-ups and small companies fail because of poor cash-flow management. If you’re like many business owners, you might not be well-versed in accounting practices. To fix your company’s cash flow problems, consider adhering to the following tried and true tips.
Jack Welch, former chairman and CEO of General Electric once said, "Number one: cash is king." You could say this is.
Your business requires consistent cash flow for business operating expenses, invoice payment, and other.
As your company grows, balanced operating cash flow becomes increasingly important. At the most basic level, cash.