We see businesses struggling with cash flow all the time.
If you are not performing regular financial analysis for your company, you probably do not have a true understanding of what your cash flow is or how to improve it. We’ve assembled 14 key principles and tips for companies to help you sustain your business success and maintain a steady course.
“The terms profitability, cash flow, revenue, net income and gross margins are often used interchangeably, but they are not the same. It is very important to remember that profits do not equal cash. Net income is what you have left over after you pay the bills, but positive net income does not mean you are guaranteed to have cash in the bank. Yes, operating a profitable business is important, but managing your cash flow is crucial to the business’ success. This guide will help your company to educate themselves and improve the business’ cash flow management with best practices that you can implement right now.”