The best piece of business advice you’ll ever get is this: “Cash flow is king.
Seasoned business owners understand the power of an abundant cash flow situation. All companies, regardless of profitability, will experience a slowdown in cash at some point.
82% of business failures are due to poor cash flow, so it’s a serious metric you should be monitoring. Companies that can forecast a cash crunch and have procedures in place to survive the storm will be in the 18%.
In our experience, here are the top reasons businesses struggle with cash flow beyond a dip in the economy: Continue reading “The 5 Biggest Mistakes Businesses Make When It Comes to Cash Flow”