A crash course in cash flow management for micro businesses

Posted by MicroBusinessHub under Finance
From http://www.microbusinesshub.co.uk 4041 days ago

Sifting through the assortment of failed micro businesses, time and time again you’ll see that poor cash flow sowed the seeds of failure. If mismanaged, poor cash flow can cripple a business.

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Written by AngelBiz
4041 days ago

Cash is life blood of any business and it is even more so for small and micro businesses. It doesn't take long for them to get in trouble as a result of poor cash flow management. That is why it is imperative to have good cash flow management techniques. Your techniques can go a long way towards that. I would also add that you should be monitoring the cash flow like a hawk - on a daily, weekly and monthly basis. It also help to have a cash cushion in the form of line of credit with a bank for emergency cash needs. As we have all learn from 2009 recession you never know when the cash situation will become dire.

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