Managing cash flow is essential to growing a financially healthy business. Cash flow is how much money is going out the door versus how much is coming in and getting the timing right is essential for every business. It’s especially important for small businesses, which often operate on a very lean budget. Its common knowledge that small businesses often say that among their top concerns is that they regularly struggle with cash flow issues. This inevitably leads to restricted business growth, and lower valuations.
Maintaining a healthy cash flow can help ensure that you have cash available for your needs today and in the long term. But how do you do it?