cash

3 Cash management practices no small business can do without if you want to grow

3 Cash management practices no small business can do without if you want to grow

It’s plain and simple: a business needs cash to grow. And this means that every small business needs an effective cash management strategy.

The more cash you have the more control you have. Cash keeps you mobile, adaptable and less vulnerable. Without cash you simply cannot survive in business and you certainly cannot grow.

But how do you generate MORE cash? What should you be doing to get the cash flowing in your business to accelerate your growth?

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Why a good cash flow can be more important than a big profit

Why a good cash flow can be more important than a big profit

There’s a saying in business, “You can go broke making a profit.” And another, “Cash is king. Profit is theory.”

As you know only too well, you don’t pay rent, meet payroll or pay your bills with profit.

You pay them with cash.

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