Need a refresher in cash flow management? Check out these great resources, and our latest Cash Flow Crash Course.
The best indicator of a company’s chance to succeed over the long-term is its ability to generate and hold onto cash. Sales growth, profit margins, expanding customer lists and increases in headcount are all important measures of a company’s performance, but without cash, growth is near impossible. Unfortunately, many small business owners fail to take a proactive approach when it comes to managing cash flow.
First steps to managing cash flow
Managing cash flow effectively requires significant planning on the part of the business owner. Sometimes, what seems like obvious ways to improve cash flow will result in the opposite: your company burning more money. Before making any changes to your operations, read these articles and prepare yourself.
- Cash Flow Management: An OPEN Forum Guide
- Keep Your Sanity and Improve Financial Results With a Management Dashboard
- It’s Almost Budget Time Again—Here’s How To Do It Right
- 5 Steps To Better Financial Projections
- How To Put An End To Cash Flow Surprises
- The 5 Secrets of Cash Flow Forecasting
- Cash IS Still King
- The Silver Bullet of Cash Flow
- Don’t Let Your Cash Flow Go Down the Drain
Managing costs to improve cash flow
It doesn’t take a financial genius to realize that the less cash you consume, the better your company’s cash position will be. The following articles will provide inspiration for ideas on how to minimize your cash outflow and extend the period between which cash enters and leaves your business.
