A good cash management article for all entrepreneurs and small business owners. Cash flow is critical and the article offers good advice for all newbies.
Excerpt: Many business owners and managers have learned the hard way that denial and hope are not effective strategies. You must manage your cash, especially when in start-up mode or during tough economic times. The earlier you can recognize an upcoming cash flow issue, the more options you have to prevent or mitigate it. If you have cash flow issues, you have to be focused on managing the inflows and outflows closely on a daily basis. Too many organizations wait until the crisis is upon them and they have already hit the iceberg.
Read full article via Cash-Flow Analysis Critical to Business Success. From NuWire Investor