Ask any successful business leader and he or she will tell you that no company, great or small, can survive without the right cash flow management strategies.
It’s important to remember that, as a business, you don’t just have an obligation to your customers; you have obligations to your employees and creditors as well.
That’s why it’s important to keep track of the money that moves through your business.
Cash is king when it comes to managing the immediate needs of your business and when it comes to planning for the long term, so it needs to be adequately managed down to the last cent.
So let’s take a look at some cash flow management strategies that you can apply to your business. You’ll see just why this simple concept has such big implications.
Manny Skevofilax is a consultant and speaker that assists his clients with successfully navigating the challenges of growing their businesses profitably. Since 2003, Manny helps businesses to enhance their financial results by using his experience in strategic planning, financial statement analysis, operations, and team-building. His consulting firm, PORTAL CFO Consulting, Inc., has attracted clients from diverse industries in the United States and abroad.
Manny can be reached at 410-808-3441 or via email at manny@portalcfo.com.