Cash Flow

The Wall Street Journal highlights a problem we've seen in our business for years—businesses struggling to make payments due to waiting on their own customers to pay them first.

What do you need cash flow for? It would make things easier not to worry about the cash. Of course, this means not caring if your business crashes and burns. Let's see what we can do to make sure that happens:

You don't have to take my word for it that cash flow planning helps businesses through tough economical times. The Vancouver Sun says that cash flow planning is key especially during difficult times.

When your business needs financing, go for it. Don't let the economy stop you. We've had clients who came to us for financing in the worst of times and they would've never grown without our help.

If you look back at any of this blog's entries, you'll see we talk about the importance of keeping your business' cash flow balanced. A quick review of cash flow—it's the cash your company actually has available (not the cash you're waiting on from clients) to pay expenses, salaries, rent, equipment, and payables.

Three key things about having cash:

Don't let news of the economy's current state compel you to believe that it's impossible to keep the cash flow flowing. It just means you need to watch your cash flow very closely and be stringent in forecasting your cash flow. Here are tips for exercising your cash flow so it stays in great shape.