Cash is king in business and good cash flow management is essential for the success of your startup. Think of cash flow as blood flow and you’ll understand just how vital it is to the health of your business; without it, you’ll die. That sounds bleak, but it really is important to manage your cash flow well from the very beginning and protect your business against any problems along the way.
Are you having a hard time making ends meet? Are you constantly worried about your cash flow? If so, you're not alone.
A lot of small business owners are struggling with cash flow issues, and it often comes down to bad billing procedures. In fact, you would be surprised at just how much difference a few simple billing and invoices changes can make to your financial health.
Healthy cash flow and an ample reserve is the backbone of any business. It provides stability and security, as well as maximum opportunity for growth. Perhaps even more importantly, good cash flow management ensures peace-of-mind so you don't have those late night worries about not being able to pay your employees tomorrow morning.
Healthy cash flow management is often the difference between success and failure for small businesses. After all, without sufficient cash flow you won't be able to cover the cost of operations. Here are five golden rules of healthy cash flow management to help you manage your money wisely and avoid disaster.
