Posts Tagged "operating costs"

Cash Or Crash – The Importance Of Managing Cash Flow

Posted by on Aug 14, 2013 in Blog

Cash Or Crash – The Importance Of Managing Cash Flow

One of the keys to being successful in any business is the ability to properly manage the cash flow.  Every business ultimately relies on cash to pay employees and suppliers in order to provide the goods and services to customers so that it can remain in business. While it’s certainly possible for many businesses to access a line of credit to smooth out any fluctuations in cash flow so they can still acquire goods and services to provide their customers, this will only work to help a business to stay afloat in the short term. Without a long term plan to properly manage cash flow so that employees, suppliers and even taxes and other fees are paid on time, a business will ultimately fail. If you find that you are often robbing Peter to pay Paul in your business just to stay afloat, you might want to consider using the following strategies to better manage your cash flow. Have a Plan Make a realistic plan for your cash flow that is at least 12 to 16 weeks in advance. You may find that having a calendar with a forecast of all of your expected cash outflow and intake for...

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