When a business doesn’t have a clear idea of its annual budget, it runs the risk of spending more money than it earns that year. You may have been running smoothly for years, and then decide to expand or replace old machinery. There’s money coming in, so it seems you’re fine. But if you don’t […]
Tag: small business finance
How to Manage Cash Flow
Your business will be healthier if you manage your cash flow toward the profit line. How? Let’s look at some tips: When cash flow stays positive, your business can survive turbulent times. Use your history and sound financial data to project future cash flows. Cash flow is the lifeblood of your business and critical to […]