Tag: cash flow

A poor understanding of cash flow and poor management thereof has contributed to 82% of the business failures in the U.S. As one of the key business levers, the importance of good cash flow management cannot be understated. Once a business owner is able to determine where the cash flow problem takes place, it’s simply a cash injection away from progress. Here are a few simple ways to improve cash flow in a business. Free Up Unnecessary Spending As in households, the minute the cash flow gets a bit tight, the luxuries need to go. The same goes for businesses as well. One of the best ways to do this is to stop buying stock that sits on the floor for too long or has a high risk of spoilage. Once stock management is under control, it’s time to look at redundant equipment. Selling the...