Cash Flow is Critical

A lot of business owners put their focus on growing sales which is a good thing, but it is not the part of the equation for success. The other equally important part is managing your cash flow. 82% of business failures are actually due to poor cash flow management. I admit cash flow is not very sexy and doing a monthly cash flow statement seems optional, especially in the beginning when your sales are low. But businesses can be generating revenues and still go broke due to poor cash flow management. Tim Berry, President of Palo Alto Software, and a writer for Entrepreneur.com has written a great article – 10 Critical Cash Flow Rules - a good review for every business owner.

By fiona, January 14th, 2008   |   in   Business Coaching,Business Development,Sales   |   1 comment

1 Comment so far

  1. Mhairi January 14th, 2008 4:40 pm

    How true this is. I recently came upon a couple of great on-line services that help with cash flow management: Blinksale and Less Accounting – they’re worth checking out.

Leave a reply