Creating Cash Flow with Old Inventory Being a retail consultant, there is a comment many business owners used. It is “I’m not giving away my inventory”. It is most common among store owners that business is in bad shape. It is too bad that most retail owners don’t understand about inventory. Inventory does two things. …
Creating A Cash Flow Statement Cash flow is the money that comes in and out of your business and it is considered to be its lifeblood. According to a study from the US Bank, 82% of business failures result from poor cash flow management skills. Therefore, preparing monthly cash flow statements might help your business …
Correcting A Negative Cash Flow Your business might be heading towards bankruptcy if it has a negative balance on its ‘Net Change’ section of its cash flow statement. Immediate attention is required as failing to correct this negative trend will inevitably cause your business to run out of money. A Cash Flow Statement has five …
Cash Flow Planning for Solo Professionals You’ve heard it a million times – cash flow can make or break a business. Lack of cash flow planning is the reason why many businesses fail. In fact, many PROFITABLE businesses fail because of cash flow issues. Without adequate cash flow, you can’t pay your bills and you …
Cash Flow Management Cash. Most people want more. When running a small business it’s particularly important to monitor how cash is coming in and how much cash is going out. Today, I’d like to take a few minutes to share some ideas on cash flow management as in how you can keep more cash in …
